Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.4% (Actual)
- Listing ID: 773939
- Posted On: Dec 27, 2016
- Updated On: Mar 28, 2018
Description
Solid, stable park. City water/sewer billed by the city to the tenants. City is also responsible for maintaining the roads. There is a waiting list of new tenants wanting to move into the park. For further financial information please visit our website at www.birchrealty.com, this will be listing #317. Feel free to contact us at stan1@birchrealty.com or (727)914-8729.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 52 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $220 |
Financial Information (Actual)
| Gross Income: | $136 |
| Operating Expense: | $47,722 |
| Net Operating Income: | $88,626 |
| Expense Ratio: | 35089.7 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |