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
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 970311
- Posted On: Jul 17, 2018
- Updated On: Oct 8, 2018
Description
The Sun Terrace MHP is located just minutes from Clearwater Beach and the Down Town area. This park consists of:
70-space
66 Park Owned Homes
1- 2-unit Apartment
Family Park
City Water & Sewer (Submetered)
92% Occupied
GR = $529K
NOI = $317K
Property also includes a Laundry Building (not currently used), Office, Recreation Building (not currently being used) and a maintenance building.
Rents collected average $602 (Apartments), $253 (Lot Rent), $463 (Single Wide Units), $835 (Double-wide Units).
Current rents are well below market. The owner has incorporated a 7% increase in rents for new tenants but has not increased the rents for the long tern tenants.
Asking Price: $3,100,000
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 70 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1980 |
| Size: | 4 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 66 |
| Average Rent for Park-owned Homes: | $750 |
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