Mobile Home Park Details

  • Cap Rate: 9.0%
  • Property ID: 1660993
  • Posted On: May 3, 2022
  • Updated On: Aug 9, 2022

Property Description

Cap Rate 9.31%
13 Park-Owned Homes
6 Septic Systems
5 Acres
Well Water

Location

Located in Lake City, FL the "Gateway to Florida' because that is where interstate 75 and Interstate 10 intersect.

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Park Information

Number of MH Lots: 13
Year Built: 1970
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $100,200
Operating Expense $25,800
Net Operating Income $74,400
Expense Ratio 25.7 %
Debt Info

Lot Information

Singlewide Lots: 12
Triplewide Lots: 1

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 13

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