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Greg Karlson

Advantage Realty

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42 Space RV(Adult)/ MH(Family) Park

Multi Family Housing for Sale in Okeechobee, Florida

Sale Price: $599,900

Contact Information

Greg Karlson
Advantage Realty

Mobile Home Park for Sale

Number of MH Lots: 14
Size: 4 acre(s)
Cap Rate: 17.8%
Purchase Method: Cash, New Loan
Status: Sale Pending
Property ID: 572062
Posted on: Oct 01, 2015
Updated on: Oct 16, 2017
Price: $599,900

Property Description

42 total permitted spaces:28 RV/2MH sites (26 permanents) Adult side of park and 12 MH sites( 5MHpermanents/3RV permanents) on family park side. All are on septic and well. Septics are well maintained. RV's are skirted. Prime are for World Class Bass Fishing and not far from the new potential proposed Guy Harvey Lake Okeechobee Development! Over half of the 15+-acre is undeveloped as upside potential! Zoned for 120 spaces/ water capacity for another 10 RV spaces. After debt service this park currently on track to put $50,000 in your pocket. Don/t let this cash cow slip away/ call us today!
The lake public access just a few miles down the road!!!!
Okeechobee Music and Arts Festival draws 30,000
visitors annual event. March 4-6th .

Park Information

Number of MH Lots:14
Average MH Lot Rent: $225
Size:4.0 acre(s)

Financial Information (Actual)

Gross Income$139,000
Operating Expense$32,072
Net Operating Income$106,928
Expense Ratio 23.1%
Debt Info

Lot Information

Singlewide Lots:13
Park Model Lots:225

RV Information

Number of RV Lots:28
Average RV Lot Rent: $225

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:19

Amenities and Other

Storage: Yes