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Photo of Manufactured Home Community
Photo of Manufactured Home Community
Photo of Manufactured Home Community

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.4% (Pro Forma)
  • Listing ID: 351466
  • Posted On: Dec 12, 2012
  • Updated On: Dec 12, 2014

Description

13 Acre MHP. Quiet and well maintained. 18 units on 5 of the acres with two empty pads. All homes are park owned. Each home has its own 8 x 10 shed for storage. It also has 8 additional acres for potential development. Public Library across the street. Excellent school zone. Located approximately 11 miles from Capital Circle NW in Tallahassee, FL.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 90.0 %
Size: 13 acre(s)

Financial Information (Pro Forma)

Gross Income: $107,880
Operating Expense: $34,900
Net Operating Income: $67,586
Expense Ratio: 32.4 %

Lot Information

Singlewide Lots: 20

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 18
Average Rent for Park-owned Homes: $500

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