Mobile Home Park Details
- Cap Rate: 12.0%
- Listing ID: 12619
- Posted On: Jun 2, 2010
- Updated On: Sep 19, 2011
Description
Owner Financing available to approved buyer. Price 1,315M wrap around available 150K down.
This 79 space park located near the distribution centers in Lakeland, FL is only about 2 miles from downtown Lakeland. Park has a clubhouse, laundry room, and office. Nice property with approx 9 acres of mature trees and 2 acres of undeveloped land. Park has city water and sewer. Lots of upside for a owner/manager to increase the Cap Rate. Priced to sell quick for this size park.
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Park Information
Number of MH Lots: | 79 |
Year Built: | 1970 |
Average MH Lot Rent: | $281 |
Park-Owned Homes
Number of Park-owned Homes: | 36 |
Average Rent for Park-owned Homes: | $500 |