Contact Information

Mobile Home Park Details

  • Price: $475,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.4%
  • Property ID: 884710
  • Posted on Dec 7, 2017

Property Description

One park is sub metered, the other is not we would suggest metering other park. Long time owner passed away a couple of years ago, the son has been managing however has a full time job and is not able to focus on the parks as most owners would. Park is in need of new ownership. For financial information please visit us at www.birchrealty.com this will be listing #306 on our site. Feel free to contact us at stan1@birchrealty.com or 727-914-8700

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Park Information

Community Type: All Age
Number of MH Lots: 86
Total Occupancy: 67.0 %
Average MH Lot Rent: $120
Size: 14.0 acre(s)

Financial Information (Actual)

Gross Income $130,000
Operating Expense $80,500
Net Operating Income $49,500
Expense Ratio 61.9 %
Debt Info

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $425

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