Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 5.1%
  • Listing ID: 1669421
  • Posted On: May 16, 2022
  • Updated On: Nov 8, 2022

Description

Awesome location for a Mobile Home Park.
With road frontage on Gibsonton Dr. and water frontage in the rear on the Alafia River.
This 22 unit Waterfront Mobile Home Park is located in Gibsonton Fl.
just down the street from the Walmart Super Center and Interstate i75.
The park has paved streets and consists of single wide homes with plenty of space for kids to play outside.
The property consists of 4.85 acres and uses county water and septic for utilities.
This park has a master water meter and all the mobile homes are separately sub-metered and billed by the owner.
Long term tenants are in place and rents are incredible low allowing for room to increase rents. This is a confidential sale, please do not drive the property with out first scheduling with listing agent.

Location

E 165.75 FT OF W 994.50 FT OF GOV LOT 6 LESS RD R/W AND LESS PLATTED PORTION MAGNOLIA BEACH UNIT 2

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Park Information

Community Type: All Age
Total Occupancy: 100.0 %
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $175,434
Operating Expense: $88,810
Net Operating Income: $86,623
Expense Ratio: 50.6 %

Lot Information

Singlewide Lots: 22

Utility Information

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

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