Mobile Home Park Details
- Cap Rate: 12.1%
- Listing ID: 1651156
- Posted On: Apr 19, 2022
- Updated On: Jun 15, 2022
Description
Very busy road frontage in populated work area makes this a great rental location. Owners have no problem staying 95% occupied year round. Owners own all the units, tenants bring their own furniture. Many capital improvements , new well pumps, pressure tanks, chlorinator system, New large drain field. Only thing to do is comedic.
Location
Central area of Ocala, located on the busy Gainesville road
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $500 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $138,900 |
| Operating Expense: | $32,988 |
| Net Operating Income: | $105,912 |
| Expense Ratio: | 23.7 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 21 |
| Average Rent for Park-owned Homes: | $500 |
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