Contact Information

Mobile Home Park Details

  • Price: $10,500,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1472450
  • Posted On: Jul 7, 2021
  • Updated On: Aug 5, 2022

Property Description

75 Unit mobile home park/ Fishing Resort. Included are 25 park owned double wide mobile homes, 12 Modular Homes sites, 11 concrete block cabins, 12 (22 x 50) RV sites and 18 docks sitting on a 4500 acre lake. You can see what the park looks like, financials, surveys and layout at FLORIDAPARTNERSTRUST.COM We are currently developing the park and expect completion by the end of the year go to floridapartnerstrust.com for more info

Location

Lake Panasoffkee, Florida

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Handicap Accessible
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Park Information

Community Type: All Age
Number of MH Lots: 75
Total Occupancy: 100.0 %
Year Built: 2020
Average MH Lot Rent: $1,250
Size: 31 acre(s)

Financial Information

Operating Expense $313,582
Net Operating Income $724,753
Debt Info See info at floridapartnerstrust.com

Lot Information

Doublewide Lots: 52
Park Model Lots: 52

RV Information

Number of RV Lots: 12
Average RV Lot Rent: $1,250

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 52
Average Rent for Park-owned Homes: $1,250

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