Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 4.7%
  • Property ID: 1714805
  • Posted On: Jul 18, 2022
  • Updated On: Oct 17, 2022

Property 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 %
Debt Info

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

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