Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 8.2%
  • Listing ID: 1938856
  • Posted On: Nov 22, 2022
  • Updated On: Mar 7, 2023

Description

24.5 Acres

Sites Total: 50
Rental Homes Owned: 1 @ $500
Resident Owned Homes: 36 @ $350
Vacant Lots: 11 Teardowns: 2

Free Lot Rent for Manager, takes care of park maintenance and landscape.
All sites on paved streets, 55+ Community.

2 Wells – Metered
Septic Tank – City Sewer Available
Mineral Rights Negotiable

Have A Park to Sell?
Contact Frank: 727-592-2418
Ask about our Pocket Listings:
Info@BirchRealty.com

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Park Information

Community Type: 55 And Over
Number of MH Lots: 50
Total Occupancy: 70.0 %
Year Built: 1979
Average MH Lot Rent: $350
Size: 25 acre(s)

Financial Information (Actual)

Gross Income: $157,200
Operating Expense: $45,107
Net Operating Income: $112,093
Expense Ratio: 28.7 %

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $500

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