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Mobile Home Park Details

  • Price: $700,000
  • Cap Rate: 9.2%
  • Property ID: 2145087
  • Posted On: Mar 10, 2023
  • Updated On: Mar 10, 2023

Property Description

10 Park-Owned homes - Ages ranging from 1985 to 2015 with half being newer than 2000.

Stable park with strong rent roll and 100% occupancy.

Possible room to expand. Subject to zoning approval.

Roads recently filled in and graded.

Private Well (owner pays electric for pump)

Garbage - Dumpster in park (owner pays)

Septic Systems (tank / drain field)

Location

45 minutes from Panama City FL or Dothan AL

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Park Information

Community Type: All Age
Total Occupancy: 100.0 %
Year Built: 1970
Size: 6 acre(s)

Financial Information (Actual)

Gross Income $100,800
Operating Expense $36,252
Net Operating Income $64,548
Expense Ratio 36.0 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

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