Mobile Home Park with up to 23 units is a mixture of park owned lots, tenant owned homes and undeveloped lots. 16 of the 23 lots currently have homes on them - 7 are park owned homes and 9 are tenant owned homes. The current price reflects the AS IS condition of the current operating entity of 16 units. The remaining 7 lots are undeveloped and is potential future upside for the buyer. The 7 park owned homesites include: one 3 bed /1 bath; four 1 bed/1 bath; and two 2 bed/1 bath. Stable tenant base. Tenants are screened and there are currently no delinquent accounts. Most residents pay rent through platforms such as Zelle, Cash App, or Venmo. Gross income is close to $145,000 per year. Expenses approx $18,000 per year. Owner/operator. Most of the Park owned homes are remodelled. 14 septic systems on the site - all are functioning with no issues. All tenants pay their own electric; all tenants except 3 pay their own water. PUBLIC WATER. Great opportunity for an experienced Mobile Home Park Operator or someone that is looking for a great cash cow opportunity and perhaps even live on the site. Plenty of upside - several rents are under current market rates and there is an opportunity to develop the additional 7 lots. Includes 322 MONTEREY ST NORTH FORT MYERS FL 33903 - STRAP: 34-43-24-02-00020.0150. PLEASE DO NOT DISTURB TENANTS -- Agent will meet you at the property. Rent Roll and expense summary attached to MLS.
The 7 undeveloped lots would need septic systems installed - perhaps even use one lot for septic and develop 6 lots. It may require a develpment order and removal of the current interior street to develop these lots - buyer to do their own due diligence.
The current price reflects the AS IS condition of the current operating entity of 16 units.
Owners only carry liability on the park, no other insurance. There are titles for the 7 Park Owned Trailers. Owner does own maintenance on units as needed and/or when tenant moves out. Other expenses are approx 1500 per month incl lawn, liability insurance, septic pump outs, trash, and property taxes. Detailed rent roll attached. All tenants pay their own electric. Three units have shared water and the owner pays this expense (and tenant pays a surcharge on rent because of this).
According to Leepa, STRAP 34-43-24-02-00018.0030 is 8035 sq ft of building and 2.526 Acres. STRAP: 34-43-24-02-00020.0150 is 432 Sq Ft of buiding and .12 acres
Rent Roll and expense summary attached.
