Send a Message:

Message:

Osteen St Mobile Home Park

Mobile Home Park for Sale in Jacksonville, Florida

Osteen St.
Jacksonville, FL 32210

View on Map
Sale Price: $549,000
 

Contact Information

Olivier Carter

Mobile Home Park for Sale

Number of MH Lots: 11
Cap Rate: 10.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 806263
Posted on: Apr 25, 2017
Updated on: Feb 06, 2018
Price: $549,000

Property Description

This "mobile home park" constitutes 11 separate lots, each with one mobile home on it. So 11 mobile homes. All park-owned. Just bought a newer home in the process of being installed. Certificate of Occupancy to be obtained imminently.
Average rent is about $500/month per home.
One of the home was completely rehabbed. But they are older homes, so maintenance expected.
With a GOOD manager, this property can bring in $50k NOI easily.

Park Information

Number of MH Lots:11
Total Occupancy:50.0%
Average MH Lot Rent: $400

Financial Information (Pro Forma)

Gross Income$66,000
Operating Expense$10,600
Net Operating Income$55,400
Expense Ratio 16.1%
Debt Info

Lot Information

Singlewide Lots:11

Utility Information

Water:Well
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:11
Average Rent for Park-owned Homes: $500