Mobile Home Park Details
- Cap Rate: 8.4%
- Listing ID: 1673468
- Posted On: May 20, 2022
- Updated On: Nov 21, 2022
Description
* City Water
* City Sewer
* 26 Lots
* 2 Homes are currently being renovated which will add $1,350 a month to month rent roll
* Adding $1.350 to income make cap rate 9.12%
* Well Maintained
* Grandfathered location
Location
Located in the quaint town of Lake Butler.
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Park Information
| Year Built: | 1970 |
Financial Information (Actual)
| Gross Income: | $186,000 |
| Operating Expense: | $32,320 |
| Net Operating Income: | $108,680 |
| Expense Ratio: | 17.4 % |
Utility Information
| Water: | City |
| Sewer: | City |
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