Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1530339
- Posted On: Oct 6, 2021
- Updated On: Jan 5, 2022
Description
This mobile home park has a monthly income of about $11000.00 a month. There are 22 rental lots and at the present time only 12 are occupied so the income can be greatly improved. The surrounding 3 properties are also available to increase the size to 16 +/- acre's of unlimited prime Real Estate in an area that is booming with development. All measurements are estimated, please confirm if needed.
Location
Located just north of Panama City about 1/2 a mile off a major highway for easy access. The area is booming with growth with over 5000 homes going in right down the road.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1955 |
| Average MH Lot Rent: | $950 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $135,574 |
| Operating Expense: | $61,273 |
| Net Operating Income: | $74,301 |
| Expense Ratio: | 45.2 % |
Lot Information
| Singlewide Lots: | 22 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $1,000 |
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