Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 3.9% (Pro Forma)
- Listing ID: 1740263
- Posted On: Aug 22, 2022
- Updated On: Jun 20, 2023
Description
Potential is the word with this Mobile Home Park centrally located between Arcadia, Punta Gorda and Port Charlotte/North Port. Two (2) interstate #75 exits offered within 10 minute drive; along with shopping & dining Boat launch on to the Peace River is minute away, as well as Kayaking, Fishing Airboats and more. Lot is 25% with rental Doublewides on annual rental contracts. Multiple open lots available for up to 15 additional doublewide Mobile homes.
Location
Traveling north on Route #17 from Punta Gorda, once in Desoto County; make left on to County Road #761, travelling 1/4 mile ; then left again on to SW Kissimmee for another 1/4 mile then right turn on to Park Avenue. Property is at end of road right of the Pump House.
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Park Information
| Number of MH Lots: | 20 |
| Total Occupancy: | 25.0 % |
| Year Built: | 2005 |
| Average MH Lot Rent: | $1,000 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $60,670 |
| Operating Expense: | $21,500 |
| Net Operating Income: | $39,170 |
| Expense Ratio: | 35.4 % |
Lot Information
| Singlewide Lots: | 3 |
| Doublewide Lots: | 15 |
| Park Model Lots: | 5 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $500 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $1,050 |
