Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 6.9% (Actual)
- Listing ID: 16146
- Posted On: Sep 8, 2010
- Updated On: May 14, 2013
Description
Well managed senior community in a nice residential area. There is a good mix of singles and double wide coaches, older and new, a pool and clubhouse. Public utilities. the park has one park owned home for sale. The existing financing offers a great loan package due in 2016.
Location
Located in the coastal community of Melbourhe, the park is close to I95, Cape Kennedy and a short drive to Orlando and all the attractions it offers.
Amenities
- Pool
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 145 |
| Total Occupancy: | 98.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $434 |
| Size: | 27 acre(s) |
Financial Information (Actual)
| Gross Income: | $743,183 |
| Operating Expense: | $205,431 |
| Net Operating Income: | $537,752 |
| Expense Ratio: | 27.6 % |
| Debt Info: | $5,642,000 Assumption, Int. Only |
RV Information
| Number of RV Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
