Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.2% (Actual)
- Listing ID: 692181
- Posted On: Jul 29, 2016
- Updated On: Feb 15, 2017
Description
Park is mainly seniors. Clubhouse and upgraded pool in 2015. Majority of lots can hold doublewides. Possible city water/sewer in next 24 months, current water/sewer in good shape with upgrades done in last 10 years. 4 Storage buildings also. Occupancy has remained consistent. Sellers have not attempted to bring homes in. For financial and other information please visit us at www.birchrealty.com or contact us at 727-914-8729 or stan1@birchrealty.com
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 120 |
| Total Occupancy: | 64.0 % |
| Average MH Lot Rent: | $200 |
Financial Information (Actual)
| Gross Income: | $271,259 |
| Operating Expense: | $97,653 |
| Net Operating Income: | $173,605 |
| Expense Ratio: | 36.0 % |
Lot Information
| Doublewide Lots: | 120 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $25 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $500 |