Mobile Home Park Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Listing ID: 772126
- Posted On: Dec 19, 2016
- Updated On: Jan 31, 2018
Description
Priced Reduced. Very cozy, country, family park with 13 park own homes on 2.88 acres. Current owner purchased and is in the final stages of this park rebuild which is reflected in the high cash flowing proforma income numbers and rent increases. Currently 11 are rented with 2 vacancies one of which is being remodeled. Expenses are low and park is easy to manage. Park has large septic tank, well water and a possible partial assumable mortgage. Take advantage of these rebuilt mobile home units and high future proforma income. NDA requested (see attachments) for financials with POFs requested for showings. Please do not go to the park without an appointment. 2016 Net Income annualized at $44,286. Expected 2017 Proforma GI $78,240 and NI $53,360. Projected GI Proforma when 100% filled GI $89,940 . See www.markasmithtampabay.com
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1973 |
| Average MH Lot Rent: | $615 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $78 |
| Net Operating Income: | $53 |
| Debt Info: | $200,000 Assumable Loan 11% |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $615 |