Contact Information

Mobile Home Park Details

  • Price: $545,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 7.0%
  • Property ID: 1495730
  • Posted On: Aug 12, 2021
  • Updated On: Sep 27, 2021

Property Description

18 Space park in Madison Florida. 14 homes on site and 4 pads ready for additional homes. Value-add play with the ability to bring lot rents to market and add 4 more homes. Seller financing available. Financials and copies of invoices for expenses are available. MHP is 1.2 miles (3 minutes) from charming Downtown Madison. Madison Blue Springs State Park is 9 miles/10 minutes. Owner has very little responsibility and professional management is in place.

Owner is only selling to move up in size. Please email me or call at 904.534-1523

Location

Madison Florida is 1 hour from Tallahassee, 1.5 hours from Jacksonville, Half hour to Valdosta, GA. 10 minutes to I10, 20 minutes to I75.

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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $270
Size: 3 acre(s)

Financial Information (Actual)

Gross Income $58,000
Operating Expense $15,000
Net Operating Income $43,000
Expense Ratio 25.9 %
Debt Info

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

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