Contact Information
Mobile Home Park Details
- Price: $599,900
- Purchase Method: Cash, New Loan
- Cap Rate: 17.8%
- Property ID: 572062
- Posted On: Oct 1, 2015
- Updated On: Oct 31, 2019
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 .
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| 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: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
