Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.6%
- Listing ID: 654854
- Posted On: Apr 12, 2016
- Updated On: Aug 29, 2017
Description
This is a 65-Lot mobile home park comprising approximately 6.5 acres, including one lot with a 3bed/2 bath mobile home currently occupied by the on-site park manager. Also, a 1,053 square foot clubhouse with dining room, kitchen, 1 bath, picnic area, 2 shuffleboard courts and coin operated laundry machines (Additional $1,000+/- monthly). The park is on city water and has a modern septic system where lift station pumps to a leach bed on a 1 acre adjoining piece of land. The park has historically enjoyed good occupancy levels of 95% or better. Majority of the tenants are long-term and have been there at least 12 years, as has the on-site manager. THIS IS A CONFIDENTIAL LISTING. SIGNED NDA IS REQUIRED (SEE ATTACHED). FOR ADDITIONAL INFORMATION AND SHOWING INSTRUCTIONS PLEASE CONTACT LISTING AGENT: ROBBY CLOAR
Location
Located along S. Volusia Ave (17-92) in Orange City, Fl.
Amenities
- Laundromat
- Club House
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 65 |
| Total Occupancy: | 97.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $360 |
| Size: | 7 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $480 |