Front
River
Commercial
Commercial 2
Mobile
River Air
Mobile Home Park Details
- Listing ID: 994342
- Posted On: Sep 29, 2018
- Updated On: Mar 28, 2019
Description
Great investment opportunity in NE Palm Bay. 20 Lot mobile home park with 2 commercial buildings including riverfront rights for future development. This investment is currently operating at an 11% CAP rate with the value add potential to be 14-16% CAP. This is an excellent opportunity with a huge upside for future of condos or single family homes.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $525 |
| Size: | 3 acre(s) |
Lot Information
| Singlewide Lots: | 21 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $550 |
