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Simon Garwood

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Hampton Oaks MHP - Seller will Hold Financing

Mobile Home Park for Sale in Jacksonville, Florida

5375 110th St
Jacksonville, FL 32244

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Sale Price: $895,000

Contact Information

Simon Garwood

Mobile Home Park for Sale

Number of MH Lots: 25
Size: 2.1 acre(s)
Cap Rate: 8.4%
Purchase Method: Cash
Status: Active
Property ID: 800545
Posted on: Apr 05, 2017
Updated on: Oct 05, 2017
Price: $895,000

Property Description

Rare opportunity in the heart of Greater Jacksonville MSA. 25 pad park w/ 25 rentable homes on-site consisting of (23) Mobile Homes, (2) new 1br 5th Wheels.. All Park Owned. Dependable tenants on 12 month leases with deposits. Current Month Gross Rent was $12,155 in March 2017 with two rent-ready vacancies. Community/Public Water System (on-site), municipal sewer. Seller will hold financing with a 50% down payment.

Location Description

Located on Jacksonville's Westside in Ortega Farms.

Park Information

Number of MH Lots:25
Total Occupancy:92.0%
Year Built:1973
Average MH Lot Rent: $525
Size:2.1 acre(s)

Financial Information

Gross Income$158,160
Operating Expense$71,222
Net Operating Income$74,637
Expense Ratio 45.0%
Debt Info

Utility Information

Water Paid By: Park