Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
BBQ Lounge Area
BBQ Lounge Area
In-Ground Pool Cabana Area
In-Ground Pool Cabana Area
In-Ground Pool Cabana Area
In-Ground Pool Cabana Area
In-Ground Pool Cabana Area
In-Ground Pool Cabana Area
Movie Night
Movie Night
Tennis Courts
Tennis Courts
Office - Reception
Office - Reception
Commercial Kitchen
Commercial Kitchen
Photo of Mobile Home Park
Photo of Mobile Home Park
BBQ Lounge Area
In-Ground Pool Cabana Area
In-Ground Pool Cabana Area
In-Ground Pool Cabana Area
Movie Night
Tennis Courts
Office - Reception
Commercial Kitchen

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.0%
  • 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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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

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