Contact Information

Mobile Home Park Details

  • Price: $3,695,000
  • Purchase Method: Cash
  • Cap Rate: 6.5%
  • Property ID: 1454978
  • Posted On: Jun 9, 2021
  • Updated On: Aug 31, 2021

Property Description

Large Mobile Home Park centrally located in Land O' Lakes, Florida.

* 69 total sites
* 46 Owner Occupied !
* 11 Rentals
* 3 Storage spaces
* 10 Vacant lots
* 2 Vacant Homes

Large Florida MSA. Room for Rent Increase!

Well maintained park, and a beautiful Lake centering the park with a water fountain.

Laundry Room, Gym

New Subdivisions nearby, Area improving rapidly.

Have A Park to Sell?
Contact Frank: 727-592-2418

Location

Land o' Lakes is part of the Tampa-St. Petersburg-Clearwater, Florida MSA. , Wilderness Preservers, Dining, Outdoor Activities, and Nearby Major Cities, there is never a shortage of entertainment to enjoy.

Amenities

  • Laundromat
  • Club House
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: 55 And Over
Number of MH Lots: 69
Total Occupancy: 85.0 %
Year Built: 1990
Average MH Lot Rent: $400
Size: 10 acre(s)

Financial Information (Actual)

Gross Income $348,773
Operating Expense $109,495
Net Operating Income $239,278
Expense Ratio 31.4 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $693

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