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Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0% (Pro Forma)
- Listing ID: 265663
- Posted On: Sep 8, 2012
- Updated On: Apr 13, 2017
Description
Great Park 40 Spaces
Long Term Residents
Majority Home Owners
2 Large Block Homes currently rented
28,000 Acre fishing lake with boat docks.
ASSUMABLE LOAN $712,000 @ 5%
FISH PLAY WORK! LIVE LAUGH LOVE!
CONTACT JANEL RAND
JANEL@GLOBALCCIM.COM
813-967-7910
Location
SOUTH FLORIDA - HIGHLAND COUNTY
Just 5 minutes to SEBRING INTERNATIONAL RACEWAY
NASCAR just made a deal to purchase Panzo Motor Sports Group which includes the lease to Sebring International Raceway. Huge Deal!
Tremendous upside for this already GREAT INVESTMENT!
Amenities
- Laundromat
- Storage
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 40 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $360 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $187 |
| Operating Expense: | $36 |
| Net Operating Income: | $150 |
| Expense Ratio: | 19.3 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
