Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 4.7%
- Listing ID: 1714805
- Posted On: Jul 18, 2022
- Updated On: Oct 17, 2022
Description
71 Unit Mobile Home / RV Park. Gated, 55+, Park Owned Mobile Homes (POH), RV Spaces Rented Tenant owned (TOH), New Well Water System (city water coming to adjacent property Seven Eleven). Close to Villages, shopping, transportation. Septics and drain-fields all updated and cleaned out, All Water plumbing updated and repaired, Beautifully canopied trees, Laundry Facilities on site, Maintenance Building (block), Maintenance Trailer, 3 APTS (Block), Excellent opportunity to finish some renovation on units or turn into RV spots. Rents can be increased.
Location
excellent location at fork US WHY 27 and CR 33. 7-Eleven coming to adjacent property!
Amenities
- Laundromat
- Storage
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Park Information
| Number of MH Lots: | 71 |
| Total Occupancy: | 50.0 % |
| Average MH Lot Rent: | $800 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $288,600 |
| Operating Expense: | $57,600 |
| Net Operating Income: | $230,000 |
| Expense Ratio: | 20.0 % |
RV Information
| Number of RV Lots: | 47 |
| Average RV Lot Rent: | $500 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 27 |
| Average Rent for Park-owned Homes: | $600 |
