Mobile Home Park Details
- Cap Rate: 10.0%
- Listing ID: 625349
- Posted On: Jan 28, 2016
- Updated On: May 3, 2016
Description
Price Reduced for 22 Space MHP. Profitable and well maintained mobile home park. Currently set up for absentee ownership and/or first time MHP buyer, all the heavy lifting has been done. Old trailers removed & replaced with new/used units, MH"s rehabbed and tenants in place on rent-to-own contracts, new well pump, septic well maintained and regularly serviced, new electric power poles and service panels, No gas in the park. Quiet family park with good long term tenants and related families. Good upside potential with four vacant lots and storage building with potential to convert into 2 apt units. Lakeland is centrally located between Tampa and Orlando with good industry and jobs nearby! Possible seller financing or lease w/ option for qualified buyer! This won't last so take advantage.
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1973 |
| Average MH Lot Rent: | $375 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $6,000 |
| Operating Expense: | $1,693 |
| Net Operating Income: | $4,307 |
| Expense Ratio: | 28.2 % |
Lot Information
| Singlewide Lots: | 18 |
| Doublewide Lots: | 2 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $375 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $650 |