Mobile Home Park Details

Purchase Method: Seller Financing
Cap Rate: 15.8%
Listing ID: 121889
Posted On: Mar 1, 2012
Updated On: May 30, 2024

Description

Martin County, FL â€“ 30 sites - Mobile Home Park for Sale

PRINCIPLES ONLY

REDUCED ASKING PRICE for QUICK SALE: 830,000

This property consists of 2 mobile home parks operating as one. One park has 26 spaces including a triplex 2 story CBS house that could be used for an on-site owner to live. The adjoining park has 4 spaces, making a total of 30 spaces. 2 spaces are rental with all other spaces having park owned units. 3 spaces have Studio efficiency unit duplexes. Park has sewer and State monitored well water treatment plant. Park is in a great location within walking distance to supermarkets and restaurants.
Owner financing to qualified buyer with 30% down!
2011
Total Rental Income 194,960
Vacancy 6% 11,698
Effective Gross Income 183,262
Total Expenses 51,932
NOI 131,300

Location

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Disclaimer: The information has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Bob Webster or Wm. Robert Webster Inc. a real estate corporation. All offerings are subject to availability, errors, 2ND party information, change in terms and conditions without further notice.

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