Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 102674
- Posted On: Aug 21, 2011
- Updated On: Feb 4, 2012
Description
Sixteen Acres */- of choice Florida Property with 34 park owned mobile homes. (18 doublewides and 16 single wides) State licensed for 49 lots now with plenty of room for expansion.
Park is located inside city limits in quiet country setting. Land is high and dry half mile from school and one half mile from downtown shopping. If you are looking for investment property with potential for a big return, this is it..
Stays 98% occupied year round. Needs to be expanded.
For more info call 850-547-3462 Coy Pitts sidelinemhs@yahoo.com
Location
Holmes County Fl
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 49 |
| Total Occupancy: | 98.0 % |
| Size: | 16 acre(s) |
Financial Information
| Gross Income: | $178,000 |
| Operating Expense: | $25,000 |
| Net Operating Income: | $153,000 |
| Expense Ratio: | 14.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 34 |
| Average Rent for Park-owned Homes: | $450 |
