Contact Information

Mobile Home Park Details

  • Price: $1,200,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.7%
  • Property ID: 556320
  • Posted on Aug 30, 2015

Property Description

FAMILY MH PARK for SALE ~ Marion County ~ 20 SITES

OWNER READY TO SELL ~ MORE HOMES HAVE BEEN ADDED AND RENTED

PRINCIPALS ONLY ~ GREAT LOCATION IN CENTRAL FLORIDA ~ INCREASED REVENUE

BANK FINANCING IS AVAILABLE WITH 30% DOWN

ASKING PRICE ~ $1,200,000

COMMERCIAL ZONING in PLACE ~ City Water & Sewer Available

PLEASE sign the attached c/a agreement (below the disclaimer) to receive the address & financial information.

Great upside income potential with New Homes added and rented. Experienced Part-time Manager. Front portion of property already Commercially Zoned and in good location to re-market part or all of property for Future Commercial Development, Possible Storage Facility or Retail use. Family park with long-term renters. High demand location. All 20 sites have wells, septic tanks and electric meters in place. City Sewer & Water Available. New Owner will immediately benefit from increased Rental Income from four (4) homes recently brought into Park. Established High Demand park with regularly inspected wells and septic systems. Popular cities, airport, interstate, stores and commercial areas nearby.

All sites have electric, water & sewer meters in place. Sale includes 20 remodeled park owned homes. Owner is ready to sell, and the Part-Time Manager and Part-Time Maintenance/ Lawn Care Man will stay on for New Owner. Bank Financing is available to qualified Buyer.

2016 - 2019 Revenue

Annualized Revenue $170,100 (From Current Rent Roll)

Cap Rate $10.5%

2018 Revenue $93,117 (From Tax Return)

2017 Revenue $89,742 (From Tax Return)

2016 Revenue $84,927 (From Tax Return)

Disclaimer: The information and (all files attached) have been obtained from the Seller and sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Doug E. Rhudy, his Agents, Webster Properties, or Wm. Robert Webster Inc., A Real Estate Corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.

Location

The Address IS NOT correct, please sign attached c/a agreement to receive the correct address and financial information. Thank you.

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Park Information

Community Type: All Age
Number of MH Lots: 20
Size: 4.4 acre(s)

Financial Information (Actual)

Gross Income $111,000
Operating Expense $27,750
Expense Ratio 25.0 %
Debt Info

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