Contact Information

Brian Zoberg
Suncoast Business Consultants

Mobile Home Park Details

  • Price: $3,100,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.4%
  • Property ID: 1679456
  • Posted On: May 31, 2022
  • Updated On: Jul 5, 2022

Property Description

RV / Mobile Home Park in Marion County. 63 permitted lots. 18 MH & 45 RV. Plus 3BDRM Home. Year round tenants. Runs like a Mobile Home Park. Can accommodate class A & C motor homes, fifth wheels, trailers and park models. Currently 100% Economic & Physical Occupancy. Total 6 Park Owned Homes. Hands on Manager and maintenance staff on site. Current owner is out of state and visits 3-4 times a year. Paved asphalt roads. Well and septic which helps to control operating costs. For RV spaces electric is sub-metered and billed back to tenants. MH Lots pay direct. Clubhouse and central get together area. Clean rest rooms with showers. Laundry room. Lot rents are slightly below market. Approx. 1.2 Hours drive to Disney World / Orlando. 12.4 Miles to Ocala City Center. 7.1 Miles to nearest Walmart Supercenter. Ocala was recently reported as the 5th fastest growing City in the U.S. The 6th Best Place to retire, and 10th best place to live in Florida. Some Seller Financing will be considered. Please call for additional information. NDA - Confidentiality Agreement required prior to receiving detailed information.

Location

Belleview, Florida - Marion County. Close to Ocala.

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Park Information

Community Type: All Age
Number of MH Lots: 63
Total Occupancy: 100.0 %
Year Built: 1983
Average MH Lot Rent: $360
Size: 10 acre(s)

Financial Information (Actual)

Gross Income $294,428
Operating Expense $127,150
Net Operating Income $167,278
Expense Ratio 43.2 %
Debt Info None

Lot Information

Singlewide Lots: 63

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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