Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 9.1%
- Listing ID: 1915167
- Posted On: Oct 21, 2022
- Updated On: Nov 14, 2023
Description
A beautiful Davenport MHP located on Hy 27. Park is zoned Commercial-Industrial, promising more development options. Developer can enjoy collecting an income while getting their plans in place.
Zoning permits the following Development Options:
-Warehouse/Storage/Manufacturing/Distribution
-Medical Facility/Office
-Retail
-School
-Veterinarian
105 Clairmar Cr, Davenport, FL:
• -5-acres MOL
• -25-space (18 POM's)
• -1-Apartment
• -Gross Revenue $299,160
• -NOI $239,328 (Sellers NOI)
• $210,000 (New Owners expected NOI)
• -98% Occupied
• -Zoned Commercial-Industrial
Seller Financing Offered to Qualified Purchaser
50% Down
5%-6% Interest Rate
Interest Only Option
3-5 Year Balloon
Location
Hwy 27 Davenport, FL
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 26 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $500 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $299,160 |
| Operating Expense: | $89,748 |
| Net Operating Income: | $209,412 |
| Expense Ratio: | 30.0 % |
Lot Information
| Singlewide Lots: | 24 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $1,200 |
Video
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