Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.7%
- Listing ID: 2207281
- Posted On: Mar 22, 2023
- Updated On: Jul 3, 2023
Description
Well maintained MH/RV Park in the heart of Sebring, FL. Lots of upside potential, especially in the AirBnB market. Between lot rents and a few owned units, the park manages to generate a 6.75% Cap rate. Park consists of 4 MHs and 8 RVs. Fully booked during season, and 80% occupancy yr round. Pro Forma brings Cap rate to over 10%. Central water and 2 septic systems, strong WiFi, and laundry room. Space for at least two more units. Don't delay, this beauty won't last! OWNER FINANCING AVAILABLE with 50% down. 5 year balloon note with 15 yr amortization at 7%.
Location
Centrally located in Sebring, Highlands County, with ample natural beauty in parks, multiple lakes for fishing, boating recreation, golf and more.
Amenities
- Laundromat
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1998 |
| Average MH Lot Rent: | $250 |
| Size: | 1 acre(s) |
Lot Information
| Park Model Lots: | 4 |
RV Information
| Number of RV Lots: | 8 |
| Average RV Lot Rent: | $250 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $2,070 |
