Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0% (Actual)
- Listing ID: 6466128
- Posted On: Jun 30, 2024
- Updated On: Sep 10, 2025
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.
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 % |
Lot Information
| Singlewide Lots: | 3 |
| Doublewide Lots: | 1 |
| Park Model Lots: | 1 |
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 |
