Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.0% (Actual)
- Listing ID: 876201
- Posted On: Nov 6, 2017
- Updated On: Apr 5, 2018
Description
Located in Pasco County, the Eden RV resort is a 103-sp RV park “Clothing Optional Resort. Currently operating 79-spaces, zoning permits an additional 24-spaces in which the septic system and available utilities are ready for the expansion.
The owners have put an extensive amount of time, effort and money into improving this property and business and are bringing it to the next owner who will take advantage of the additional potential that is available.
The RV park includes:
• 12.79-acres-Parcel - 15 24 17 0010 00000 1410
• 79-spaces (Operating)
• 24-space (Zoning approved additional spaces
• Doublewide (Office)
• Block Home (Currently Owner-Occupied)
• 4-Park Models
• 6-RV units
• Commercial Kitchen/Restaurant
• In-Ground Pool/Spa
• RV-Boat Storage Area
• Membership Fee Program
• 80% Occupancy (2017)
• $340K Gross Revenue (2017)
• $196K NOI (2017)
Area Competition – The Eden Resort is one of only 13 “Clothing Optional” establishments available in Pasco County.
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Handicap Accessible
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 103 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $450 |
| Size: | 13 acre(s) |
Financial Information (Actual)
| Gross Income: | $340,000 |
| Operating Expense: | $146,000 |
| Net Operating Income: | $194,000 |
| Expense Ratio: | 42.9 % |
Lot Information
| Park Model Lots: | 4 |
RV Information
| Number of RV Lots: | 99 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $1,100 |
