Mobile Home Park Details
- Cap Rate: 8.0%
- Listing ID: 665572
- Posted On: May 13, 2016
- Updated On: Mar 15, 2017
Description
Marcus & Millichap is pleased to present a 87 Site MHC located in Deland, Florida known as Applegate Estates. Of the 87 Sites, 80 are occupied with only one park owned home. Applegate Estates has well water and a sewer treatment plant that was recently upgraded. Tenants are responsible for both their water and sewer usage and the current rent is $355 per month. The community is in a great location, providing an easy commute to Orlando, which is less than 45 minutes away and by many major highways and shopping centers.
Applegate Estates is being offer for $3,350,000, $36,782 per site.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 87 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $355 |
Financial Information
| Gross Income: | $408,120 |
| Operating Expense: | $140,095 |
| Net Operating Income: | $268,025 |
| Expense Ratio: | 34.3 % |
Lot Information
| Singlewide Lots: | 87 |
Utility Information
| Water: | Well |
| Sewer: | Treatment Plant |