Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 6.4%
  • Listing ID: 5192235
  • Posted On: Apr 8, 2024
  • Updated On: Oct 3, 2024

Description

Whispering Pines mobile home
community is a hidden gem with 18 fully occupied lots.
Situated near Jacksonville, FL, it poses a
perfect balance to city life, attracting individuals looking for
an affordable yet peaceful lifestyle outside the city center. With
a track record of low maintenance and steady returns, this
community presents a reliable investment opportunity.
Whispering Pines MHP offers the best of both worlds - a smalltown
atmosphere within a major city, promising financial
security in this investment prospect.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 100.0 %
Year Built: 1979
Average MH Lot Rent: $300

Financial Information (Actual)

Gross Income: $64,800
Operating Expense: $17,154
Net Operating Income: $47,646
Expense Ratio: 26.5 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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