Contact Information

Christopher Vellanti

Mobile Home Park Details

  • Price: $3,750,000
  • Purchase Method: Cash
  • Cap Rate: 11.0%
  • Property ID: 1472382
  • Posted On: Jul 6, 2021
  • Updated On: Sep 12, 2021

Property Description

New everything clean and pristine! Nice Mh park in Pinellas county in great rental area up and coming neighborhood with many newly constructed homes. 26 units total 17 mobile homes and 9 sf homes together, and with an 11 cap rate. All rented up for the last five years. Major cash cow at $3.75m. Think about this one….this 26 space park generates the same exact income as an 88 space park paying $400 a month. Owner pays water electric and cable.

Also have another park with 19 double wides in the Tampa Bay Area with 13 cap for $2m. Both parks total 45 units.

Location

North Saint Pete FL

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 26
Total Occupancy: 100.0 %
Size: 2 acre(s)

Lot Information

Singlewide Lots: 17
Doublewide Lots: 9

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 26