Mobile Home Park Details
- Purchase Method: Seller Financing, Assumable Loan
- Cap Rate: 10.0%
- Listing ID: 12571
- Posted On: Jun 2, 2010
- Updated On: Oct 19, 2010
Description
112 Unit Mobile Home Park in Sunny Cocoa Florida
The 7.8 acre property is located in downtown Cocoa, Florida, just minutes from the intracoastal waterways, beautiful beaches and the Kennedy Space Center. There are 112 finished lots, separated into two adjacent parks. 77 lots are currently rented at $363/month.
Additional homes are now being added to the park for sale to new tenants.
Possible loan assumption and some seller financing.
Offered at $1.79M.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 112 |
| Average MH Lot Rent: | $363 |
Financial Information
| Gross Income: | $335,412 |
| Operating Expense: | $150,684 |
| Net Operating Income: | $184,728 |
| Expense Ratio: | 44.9 % |
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