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Kimberly Graden

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Chaffee Creek

Multi Family Housing for Sale in Jacksonville, Florida

Chaffee Road N
Jacksonville, FL 32220

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Sale Price: $369,000

Contact Information

Kimberly Graden

Mobile Home Park for Sale

Number of MH Lots: 9
Cap Rate: 12.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 847145
Posted on: Aug 19, 2017
Updated on: Nov 19, 2017
Price: $369,000

Property Description

Mobile home park with 9 tenant owned mobile homes. Total income $48600 annually with potential income much much greater. Property is subdivided already into over 30 lots of record. Tenants pay their own utilities and maintain their own homes. City water, individual septic tanks although city sewage is available at the street. Well maintained property perfect for long distance ownership with manager on site. Will finance with 200k down or discount for cash

Location Description

great country neighborhood, high desireability side of town with quick access to the interstate.

Park Information

Number of MH Lots:9
Total Occupancy:100.0%
Average MH Lot Rent: $450

Financial Information

Gross Income$48,600
Operating Expense$2,100
Net Operating Income$46,500
Expense Ratio 4.3%
Debt Info

Lot Information

Singlewide Lots:7
Doublewide Lots:2

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:0