Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
House Interior
House Interior
House Interior
House Interior
Doublewide Interior
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.3%
- Listing ID: 876218
- Posted On: Nov 7, 2017
- Updated On: Feb 18, 2018
Description
The Lakeland Court park is located close to the Lakeland Mall with all the shopping and restaurants nearby. This magnificent park consists of:
2 Block Homes
2 Duplexes
23-spaces/MH Units
75% Occupied
GR = $171,756
NOI = $133,157
The owners are using a rent ready Doublewide that can be leased for $850/mo. Also, they have completely refurnished a vacant unit from one of the duplexes that will capture $950. Just these two rentals will bring in $21,600/an gross revenue.
Price: $1,200,000
Sellers may consider offering Seller Financing to a Qualified Purchaser.
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Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $600 |
| Size: | 3 acre(s) |
Financial Information
| Gross Income: | $171 |
| Operating Expense: | $37 |
| Net Operating Income: | $133 |
| Expense Ratio: | 21.6 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $600 |
