Contact Information

Mobile Home Park Details

  • Price: $1,300,000
  • Cap Rate: 8.0%
  • Property ID: 1673468
  • Posted On: May 20, 2022
  • Updated On: Jul 29, 2022

Property 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 $178,800
Operating Expense $32,320
Net Operating Income $104,480
Expense Ratio 18.1 %
Debt Info

Utility Information

Water: City
Sewer: City

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