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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 922183
  • Posted On: Apr 25, 2018
  • Updated On: Dec 24, 2018

Description

*Address provided is incorrect. Please see attached NDA/CA for complete package and location*

MHC-RV Resorts Group is pleased to offer the opportunity to acquire a 134 Space, All Age, Manufactured Housing Community for $3,650,000. The Property is located on a 24.31 acre site on the west coast of Florida. The
Property was built in 1990 and consists of 98 mobile homes sites and 36
RV sites. As of February 2018, the Property was 100% leased. There is an opportunity to add an additional 14 sites at the Property. Amenities offered at the property include a swimming pool, a clubhouse and hiking trails.

The Property is located in Citrus County, approximately 5 miles from the City of Crystal River and approximately 5 miles south of Dunnellon. The Property is located less than 2 miles from the future entrance to the Suncoast Parkway to Tampa and is approximately 6 miles away from US 19.

Amenities

  • Laundromat
  • Pool
  • Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 134
Total Occupancy: 100.0 %
Year Built: 1990
Average MH Lot Rent: $305
Size: 24 acre(s)

Financial Information (Actual)

Gross Income: $462,110
Operating Expense: $170,067
Net Operating Income: $292,043
Expense Ratio: 36.8 %

Lot Information

Singlewide Lots: 97

RV Information

Number of RV Lots: 36
Average RV Lot Rent: $358

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

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