Contact Information

Benny Spensieri
CRES Corp International, LLC

Mobile Home Park Details

  • Price: $7,000,000
  • Purchase Method: Cash, New Loan, Assumable Loan
  • Cap Rate: 7.3%
  • Property ID: 1583076
  • Posted On: Jan 10, 2022
  • Updated On: Jan 16, 2022

Property Description

Two beautiful Davenport MHP's located within 3-miles from each other. Each park is zoned Commercial-Industrial, promising more development options. Developer can enjoy collecting an income while getting their plans in place. (Seller is currently getting permits for a 100 space Outdoor Storage on the Hwy 17-92 Park)

Zoning permits the following Development Options:

• Warehouse/Storage/Manufacturing/Distribution
• Medical Facility/Office
• Retail
• School
• Veterinarian

105 Clairmar Cr, Davenport, FL:
• 5-acres MOL
• 25-space (13 POM's)
• 1-Apartment
• Gross Revenue $216,272
• NOI $188,000
• 92% Occupied
• Zoned Commercial-Industrial

1111 Hwy 17-92 N, Davenport, FL:
• 15-acres MOL
• 38-Space (38 POM's)
• 9-Cottages
• 2 Residential Homes
• Gross Revenue $496,200
• Zoned Commercial-Industrial
• Plans for a 100 space Outdoor Storage on 3.5-acres of this site

Buy one or both! Contact Benny Spensieri for further information: 813-391-1545 or benny@CRESCorpLLC.com

Location

Two location in Davenport. One on Hwy 27 (not too far from I-4) and the other on Hwy 17-92. Parks approximately 3-miles apart from each other

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 75
Total Occupancy: 98.0 %
Year Built: 1981
Average MH Lot Rent: $600
Size: 20 acre(s)

Financial Information (Actual)

Gross Income $687,000
Operating Expense $250,000
Net Operating Income $437,000
Expense Ratio 36.4 %
Debt Info

Lot Information

Singlewide Lots: 63

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 63
Average Rent for Park-owned Homes: $600

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