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99-Space Mobile Home Park Crystal River, FL

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Mobile Home Park Details

  • Purchase Method: Seller Financing, Assumable Loan
  • Cap Rate: 8.5% (Actual)
  • Listing ID: 19318
  • Posted On: Jan 25, 2011
  • Updated On: Jan 31, 2012

Description

Huge Park
99 MH Lots
36 RV Lots
Three extra RV acres cleared and ready for expansion
Deeded to sell or lease all spaces
Pool
Clubhouse
Entire city on private sewer and well

Location

Located 1 mile from the Gulf of Mexico. Progress Energy plant within a mile. Energy plant permitted to expand within 2 years with the project expansion spanning over 12 years. Huge potential in this town for workers and families.
Family Park

Amenities

  • Storage
  • Pool
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 99
Total Occupancy: 65.0 %
Year Built: 1981
Average MH Lot Rent: $235
Size: 25 acre(s)

Financial Information (Actual)

Gross Income: $180
Operating Expense: $4
Net Operating Income: $126
Expense Ratio: 2.2 %
Debt Info: Assumable note

Lot Information

Doublewide Lots: 99
Park Model Lots: 0

RV Information

Number of RV Lots: 36
Average RV Lot Rent: $450

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 38
Average Rent for Park-owned Homes: $470

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