Contact Information

Mobile Home Park Details

  • Price: $1,600,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.2%
  • Property ID: 854920
  • Posted On: Sep 5, 2017
  • Updated On: Feb 15, 2018

Property Description

Park has consistently had strong occupancy over the years, 100% occupancy. City/City water/sewer and is sub metered. Located close to a university. For financial information please visit our website at www.birchrealty.com, this will be listing #408. Feel free to contact us at 727-914-8700 or stan1@birchrealty.com.

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Park Information

Community Type: All Age
Number of MH Lots: 97
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $186
Size: 10.0 acre(s)

Financial Information (Actual)

Gross Income $386,500
Operating Expense $116,000
Net Operating Income $270,500
Expense Ratio 30.0 %
Debt Info

Lot Information

Singlewide Lots: 96

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 93
Average Rent for Park-owned Homes: $350

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