Contact Information

Mobile Home Park Details

  • Price: $1,350,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1530339
  • Posted On: Oct 6, 2021
  • Updated On: Oct 6, 2021

Property 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 %
Debt Info

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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