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Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 9.1%
  • Listing ID: 339043
  • Posted On: Nov 20, 2012
  • Updated On: Feb 17, 2014

Description

NEW PARK FOR SALE::: Sumter County, Florida

RV-Park units - 88 sites

NEW Asking Price $1,400,000

OWNER financing with $600,000 down .... 6% interest ... 10 year balloon amortized over 30 years!

This park is a RV and Park Model Park, 54 are park model sites with 33 open lots for RV's and is on 14 acres. Owner owns 4 travel trailers and 1 park model.
Park has a recreation building with a kitchen, restrooms, coin operated laundry and a gym!! Park also has a in ground pool and a workshop.
City water onsite septic system with dump station. Owner supplies city water to tenants - one meter.

2012 Income 218,203
Expenses 74,754
NOI 143,449

2013 Income 227,862
Expenses 74,754
NOI 153,108

***2013 Rents increase ups Income to 227,862 for year starting January 2013***

The address of the park is not correct, PLEASE sign the c/a agreement to receive all financial information & the correct address of this park!

Disclaimer: The information has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Bob Webster or Wm. Robert Webster Inc., A Real Estate Corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.

Amenities

  • Laundromat
  • Pool
  • Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Size: 14 acre(s)

Financial Information (Actual)

Gross Income: $227,862
Operating Expense: $74,754
Net Operating Income: $153,108
Expense Ratio: 32.8 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Treatment Plant

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