Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 12546
  • Posted On: Jun 2, 2010
  • Updated On: Aug 29, 2018

Description

Established Mpbile Home Park in popular area of Panhandle Florida. Excellent Investment Opportunity! This 33-pad plus 2 houses in mobile home park in Panama City, Florida. sits on 4.79 acres of land on the 4-lane USHwy-98. Operating Income is $95,000. Mobile Home Park income averaged gross $11,900 over past 36 months and the average gross over the last 12 month is $12,100. Potential monthly income average $16,000 PLUS additional growth potential! List Price $1,050,000. Owner will consider some owner financing on this property with experienced buyer only. Occupany is low because new homes need to be added and 4 homes need to be renovated or replaced.

Confidentiality Agreement requested at: http://hometown.aol.com/sowoatlanta/CA.html.

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Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 70.0 %
Year Built: 1990
Average MH Lot Rent: $200
Size: 5 acre(s)

Financial Information

Net Operating Income: $90,000

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