Contact Information

Priscilla Gonzalez
The Tucker Group, LLC

Mobile Home Park Details

  • Price: $575,000
  • Purchase Method: Cash
  • Cap Rate: 9.0%
  • Listing ID: 6466128
  • Posted On: Jun 30, 2024
  • Updated On: Jul 24, 2024

Description

Attention Investors! Great Income Producer! 5 unit Mobile home park, Nicely landscaped on an .81 acre lot, only a mile away from Lake Okeechobee! Electric is individually metered, 4 septic tanks onsite, city water, one water meter, Low expenses, fenced, central ac/heat, newer metal roofs, approx 3 years old. All mobile homes are park owned! UNIT #1 is a 2 bedroom 1 bath singlewide, #2 is a 2 bedroom 1 bath singlewide, #3 is a 3 bedroom 2 bath doublewide, #4 is 2 bedroom 1 bath singlewide, and #5 is a 1/1 RV. (Also available is a 3 unit mobile home rental property with a nursery on site, if a package sale is desired for more income production with 8 units total. )That property is two parcels north) CALL TODAY FOR A PRIVATE SHOWING! MOTIVATED SELLER!

Location

In Okeechobee, take Hwy 441 SE to SE 38th ave, turn left at flashing lights, park is on the left.

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Park Information

Community Type: All Age
Number of MH Lots: 5
Total Occupancy: 100.0 %
Average MH Lot Rent: $1,100
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $66,000
Operating Expense: $13,326
Net Operating Income: $52,674
Expense Ratio: 20.2 %

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $1,100

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $1,100

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