Mobile Home Park Details

  • Cap Rate: 12.1%
  • Property ID: 1651156
  • Posted On: Apr 19, 2022
  • Updated On: Jun 15, 2022

Property 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 %
Debt Info

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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