Mobile Home Park Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 8.1%
- Listing ID: 1305174
- Posted On: Aug 11, 2020
- Updated On: Oct 28, 2020
Description
Investors take notice! A rare opportunity presents itself with this 28 unit residential mobile home park in the heart of Hendry County! Minutes to shopping, dining, downtown services and more this turn key high occupancy park has undergone extensive improvements in the last 12 months and is ready to bring high yields to the savvy investor. Most units have undergone recent renovations and improvements to the well and septic systems are complete. 27 Units are owned by the park. This one won't last long, call today to discuss this exciting addition to your portfolio!
Amenities
- Storage
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Park Information
Community Type: | All Age |
Number of MH Lots: | 28 |
Total Occupancy: | 100.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $650 |
Size: | 10 acre(s) |
Financial Information (Actual)
Gross Income: | $161,715 |
Operating Expense: | $86,577 |
Net Operating Income: | $81,389 |
Expense Ratio: | 53.5 % |
Lot Information
Singlewide Lots: | 28 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 27 |
Average Rent for Park-owned Homes: | $650 |