Contact Information

Mobile Home Park Details

  • Price: $1,200,000
  • Purchase Method: Cash
  • Cap Rate: 3.9%
  • Property ID: 1740263
  • Posted On: Aug 22, 2022
  • Updated On: Aug 22, 2022

Property 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 %
Debt Info

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

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