Mobile Home Park Details

  • Cap Rate: 10.8%
  • Listing ID: 3101550
  • Posted On: Jun 8, 2023
  • Updated On: Sep 5, 2023

Description

- 12UnitRV/MHPark
- Tenant base is long term stay.
- 11 POH, 1 TOH
- 1 Vacant POH
- Well & Septic
- All Utilities billed back to tenants

Location

-This park fills a growing need for affordable retirement housing in the area
-Park is located within walking distance to convenience store and minutes to town and major travel routes.
-Okeechobee is becoming a increasingly popular year round retirement destination due to its moderate climate, easy lifestyle, affordability and its proximity to the Palm Beaches.

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Park Information

Total Occupancy: 100.0 %
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $120,000
Operating Expense: $28,000
Net Operating Income: $92,000
Expense Ratio: 23.3 %

RV Information

Number of RV Lots: 12

Utility Information

Water: Well
Sewer: Septic

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