Mobile Home Park Details
- Cap Rate: 9.2%
- Listing ID: 2145087
- Posted On: Mar 10, 2023
- Updated On: May 15, 2023
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 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
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