Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1035411
- Posted On: Feb 21, 2019
- Updated On: Oct 15, 2019
Description
Incredible opportunity to purchase a well run business from a retiring landlord. This portfolio consists of 104 mobile home lots, and 10 single family homes spread amongst 4 sites all within 7.5 miles of each other. Properties are managed by the same management company at 5% of gross revenue. Each site was 100% occupied with tenant owned homes prior to Hurricane Michael. Presently 61 of the 104 sites are occupied with tenant owned homes. The majority of the sites have separate water/sewer meters with direct billed utilities to the tenants. Seller's expenses are limited to rubbish pick up, property taxes and property management. Seller does pay for water at 4443 Cato Road. Site locations are 728 S Highway 22 A, 208 N Highway 22 A, 628 N Highway 22 A, and 4443 Cato Road.
Park Information
Community Type: | All Age |
Number of MH Lots: | 104 |
Total Occupancy: | 59.0 % |
Year Built: | 1984 |
Average MH Lot Rent: | $375 |
Size: | 17 acre(s) |
Lot Information
Singlewide Lots: | 104 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |