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5-Space Mobile Home Park

Multi Family Housing for Sale in Jacksonville, Florida

5535 110th St.
Jacksonville, FL 32244

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Mobile Home Park for Sale

Number of MH Lots: 5
Size: 1.6 acre(s)
Cap Rate: 12.0%
Purchase Method: Cash
Status: Sold
Property ID: 887106
Posted on: Dec 18, 2017
Updated on: Feb 21, 2018

Property Description

Little park with splendid rate of return. 5 MH owned by the tenants on corner lot over 1.5 ac (2 parcels). Potentially 7 sp to be verified with city. Tenants have their own contracts with electric & trash co. Public water submetered (all individual water meters).
No management per se since each tenant has direct access to main road and takes care of their space and has their own septic. Low rent space. A low maintenance and splendid investment (12%)!

Park Information

Number of MH Lots:5
Total Occupancy:100.0%
Year Built:1972
Average MH Lot Rent: $350
Size:1.6 acre(s)

Financial Information (Actual)

Gross Income$21
Operating Expense$3
Net Operating Income$18
Expense Ratio 14.3%
Debt Infonone

Lot Information

Singlewide Lots:5
Doublewide Lots:5

RV Information

Number of RV Lots:0

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:0