Contact Information

Mobile Home Park Details

  • Price: $1,495,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Property ID: 1656699
  • Posted On: Apr 28, 2022
  • Updated On: May 4, 2022

Property Description

30 Site Mobile Home Park, with efficiency apartment and Laundromat. All units are tenant owned, park sits on over 2.5 acres, with three entrances, sub-metered public water & septic, Located just minutes from Lake Okeechobee, Kissimmee River, Dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort! Great investment call today for P & L and more information.

Location

Lake Okeechobee, Florida

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 31
Total Occupancy: 55.0 %
Year Built: 1984
Average MH Lot Rent: $375
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income $207,332
Operating Expense $43,390
Net Operating Income $163,941
Expense Ratio 20.9 %
Debt Info NOI based at $450.00 a month and full occupancy

Lot Information

Singlewide Lots: 30
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $800

Download Documents

Similar Mobile Home Parks for Sale