Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.0% (Actual)
- Listing ID: 386282
- Posted On: Jul 12, 2013
- Updated On: Oct 1, 2013
Description
A 91 space senior mobile home park with clubhouse/laundry/office and storage building.
Location
Centrally located in Pinellas County
Amenities
- Laundromat
- Club House
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 91 |
| Total Occupancy: | 97.0 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $325 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $370,000 |
| Operating Expense: | $111,000 |
| Net Operating Income: | $259,000 |
| Expense Ratio: | 30.0 % |
| Debt Info: | None |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
