Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.3%
  • Property ID: 1539660
  • Posted On: Oct 19, 2021
  • Updated On: Feb 11, 2022

Property Description

*33 Acres
*130 Licensed Lots
*40 Waterfront Lots

Motivated Seller!

70% Occupied AVG
Avg. Lot Revenue per night- $47
Avg. Lot Revenue per season- 7,144

Well Water/RV Dump Station

Public Bathrooms
Swimming Beach
Menominee River Access
Playground Area

Breakdown of Lots:
48 Full Hookups
30 Pull Thru
107 Have Electric/Water Hookup
125 Have 50 Amp
1 Park Model
1 Park Owned RV
1 Stick built home on one acre ($250,000 value)

Have a Park to Sell ?
We want to help!
Contact Frank at 727-592-2418
info@birchrealty.com

Location

Rivers Bend is located in a vacation destination area with 130 RV lots, 2000 feet of water front, permanent tenants and short term tenants. Below market rent. Park is open from May to October. Includes nice, recently owner built home adjacent to park on a beautiful secluded one acre parcel.

Amenities

  • Laundromat
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Year Built: 1989
Size: 33 acre(s)

Financial Information (Actual)

Gross Income $404,503
Operating Expense $154,373
Net Operating Income $250,130
Expense Ratio 38.2 %
Debt Info

RV Information

Number of RV Lots: 140
Average RV Lot Rent: $47

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3

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