Mobile Home Park Details
- Listing ID: 12643
- Posted On: Jun 2, 2010
- Updated On: Aug 5, 2011
Description
Mobile Home Park has 19 pads on 2.62 acres in unincorporated North Palm Beach, Florida. The Gardens Mall and beaches are 5 minutes away.
Park is approved for twenty townhomes if you desire to develop. All mobile homes are owned by the seller with each unit having separate electric meters and sewer connection. Each tenant pays $15.00 month for there city water consumption. Present owners had originally purchased park for the land value to erect twenty townhomes.
Sellers purchased all mobile homes and renovated several of them. The current income on month to month leases is $71,520.00 per year and the vacant spaces with a mobile home would be an additional $70,200.00 for a total of $147,900.00 per year. Total expenses are approximately $28,505.00. This is being sold for less then what the sellers paid for it and would be a great deal for an investor or developer. Please call if interested.
Park Information
Number of MH Lots: | 19 |
Total Occupancy: | 52.0 % |
Average MH Lot Rent: | $840 |
Park-Owned Homes
Number of Park-owned Homes: | 10 |
Average Rent for Park-owned Homes: | $840 |