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Ocean Pines Mobile Home Park

Manufactured Home Community for Sale in Jacksonville, Florida

Russell Ave
Jacksonville, FL 32218

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Sale Price: $599,000
 

Mobile Home Park for Sale

Number of MH Lots: 17
Size: 4 acre(s)
Purchase Method: Cash
Status: Sale Pending
Property ID: 833870
Posted on: Jul 18, 2017
Updated on: Nov 14, 2017
Price: $599,000

Property Description

Lovely 17 Unit Mobile Home Park located in the fastest growing area of North Jacksonville. Owner has completely gone through the infrastructure and upgraded many trailers and brought in much newer models, repaired roads, drain fields and wells. Additionally the owner has performed background checks on all tenants as they were moving in to ensure the highest quality tenants occupy the family oriented park. Park has 16 owned units (all rented with year leases) and an available space for one additional unit. Each mobile home sits on one city lot but the property is broken into three parcels for taxing purposes. I've gone in and did the hard work and now I am ready to move on to my next project. Great bottom line and annual income!

Park Information

Number of MH Lots:17
Total Occupancy:100.0%
Average MH Lot Rent: $678
Size:4.0 acre(s)

Financial Information (Pro Forma)

Gross Income$130
Operating Expense$40
Net Operating Income$75
Expense Ratio 30.8%
Debt InfoNo Debt

Lot Information

Singlewide Lots:17

Utility Information

Water:Well
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:16
Average Rent for Park-owned Homes: $678