Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 16.0% (Pro Forma)
- Listing ID: 685710
- Posted On: Jul 8, 2016
- Updated On: Dec 6, 2016
Description
Excellent Florida business opportunity for this priced to market Mobile Home/RV park only a mile from downtown Labelle and 30 minutes from Ft. Myers. Possible owner financing. All homes on-site are property of the park and included with purchase. The park has benefited from extensive investments and upgrades in last two years including; new septic systems and pumps, electric service, well pump, well house, pavilion, landscaping, and re-paved roads with new gravel areas for parking provided. Many new (used) models have been relocated to park, so there are presently 27 home-sites filled, and one vacant lot for maximum capacity of 28 homes. Water provided via clean common private well. Tenants pay electric via separate meters. All occupied homes have been remodeled in some manner, with working A/C and appliances in each. There is a small storage building on-site. Rents are considered below market rates, and any vacancies are filled immediately at higher rates. Excellent opportunity for hands-on owner operator, or for owner wishing to provide a part-time handyman to operate. OWNER CAN OFFER FINANCING. Owner says sell, so call now before the opportunity passes. DO NOT DISTURB TENANTS. CALL AGENT FOR SHOWINGS AND DETAILS.
Location
Just north of downtown Labelle. From SR 80 in Labelle, head north on SR 29 (Bridge St). Cross river, then turn left on Whidden Rd. Go west for 100 feet, then left on N Bridge St. County Line Mobile Home Park is the first two driveways on right.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 28 |
| Total Occupancy: | 89.0 % |
| Year Built: | 1991 |
| Average MH Lot Rent: | $500 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $152 |
| Operating Expense: | $38 |
| Net Operating Income: | $114 |
| Expense Ratio: | 25.0 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 28 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 27 |
| Average Rent for Park-owned Homes: | $475 |