Contact Information
Mobile Home Park Details
- Price: $650,000
- Cap Rate: 10.2%
- Listing ID: 4756544
- Posted On: Mar 14, 2024
- Updated On: Apr 2, 2024
Description
- 15-space manufactured housing community in Frostproof, FL (Lakeland MSA)
- Well water and septic system in-place
- Nine park-owned homes with seven lot-rent spaces
- Majority month-to-month leases allowing for rapid value-add
Location
- Located in Polk County, the fastest growing county in FL, and the 7th fastest growing county in the USA
- Beautiful lakefront location
- Less than five miles to Sunrise at the Lake MH/RV Park
- Polk County population is expected to grow by 20% over the next ten years
- Polk County is home Publix Supermarket Headquarters with more than 10,000 employees
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Park Information
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $100,023 |
| Operating Expense: | $33,777 |
| Net Operating Income: | $66,246 |
| Expense Ratio: | 33.8 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
