Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0% (Actual)
- Listing ID: 3845370
- Posted On: Oct 16, 2023
- Updated On: Jan 13, 2024
Description
Canal-front Multifamily property/RV park for sale in Okeechobee County.
3 furnished apartments (1 bedroom-1 bath), studio, cottage (1 bedroom-1 bath), park-owned waterfront mobile home (1 bedroom-1 bathroom), and 8 RV lots.
New septic put in 2020, upgraded water well equipment. Easy to operate.
Showings only by appointment with the owners.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $485 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $92,000 |
| Operating Expense: | $17,400 |
| Net Operating Income: | $74,600 |
| Expense Ratio: | 18.9 % |
RV Information
| Number of RV Lots: | 8 |
| Average RV Lot Rent: | $485 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $1,000 |
