Contact Information

Benny Spensieri
CRES Corp International, LLC

Mobile Home Park Details

  • Price: $1,900,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 11.0%
  • Listing ID: 5531006
  • Posted On: May 3, 2024
  • Updated On: May 9, 2024


These two well-established MHP’s are located about an hour from each other, making them easily manageable for the new owner. The owner has spent over $120,000 on renovations to include resealing the roofs of the units in both parks, and new septic tanks and a drain field for the Lake City Park.

Combined Parks include:
• 5.17-Acres MOL
• 21-Spaces & 21 MH Units
• Well & Septic (2 new tanks/drain field installed April 2024)
• 3-Storage Spaces (Possible Expansion – Ocala MHP)
• Concrete Laundry Building (Ocala MHP)
• On-Site Maintenance

• Current Occupancy: 100%
• Current Gross Revenue: $268,320
• Current NOI: $211,516
• Tenants on month-to-month arrangement

Seller Financing: Seller Financing Available to Qualified Purchaser, that may include:
• 5%-6% Interest Rate
• Interest Only or Amortized
• 5-10-Year Balloon


  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 21
Total Occupancy: 100.0 %
Year Built: 1975
Average MH Lot Rent: $1,150
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $268,520
Operating Expense: $56,804
Net Operating Income: $211,516
Expense Ratio: 21.2 %

Lot Information

Singlewide Lots: 21

Utility Information

Water: Well
Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes: 21
Average Rent for Park-owned Homes: $1,150


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