Mobile Home Park Details

  • Purchase Method: Cash, New Loan, Assumable Loan
  • Cap Rate: 8.1%
  • Listing ID: 1305175
  • Posted On: Aug 11, 2020
  • Updated On: Aug 12, 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: 2 acre(s)

Financial Information (Actual)

Gross Income: $161,715
Operating Expense: $86,577
Net Operating Income: $81,389
Expense Ratio: 53.5 %

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

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