Mobile Home Park Details
- Purchase Method: Cash, Assumable Loan
- Cap Rate: 14.0%
- Listing ID: 1315244
- Posted On: Aug 30, 2020
- Updated On: Nov 30, 2020
Description
18 units, owned by the park, means top income. 95% occupied, 95% of the year, no marketing dollars needed as the location and employment opportunities are perfect. Park has a marina that fronts a small bay area with the Lock that lifts boats from Lake Griffin to Lake Eustis. This water way is known as the North Chain of Lakes, from this marina you can travel to the Jacksonville inlet to the ocean.
Park has all major capital improvements done. Park is an easy business to run as owner occupied or with a manager.
Location
Central Florida on the North Chain of Lakes, fronting major through fairway, easy out to downtown Orlando, south Florida, all major highways.
Amenities
- Laundromat
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Park Information
Community Type: | All Age |
Number of MH Lots: | 18 |
Total Occupancy: | 95.0 % |
Year Built: | 1967 |
Average MH Lot Rent: | $1,073 |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $261,312 |
Operating Expense: | $42,100 |
Net Operating Income: | $209,212 |
Expense Ratio: | 16.1 % |
Lot Information
Singlewide Lots: | 16 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
RV Information
Number of RV Lots: | 3 |
Average RV Lot Rent: | $575 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 14 |
Average Rent for Park-owned Homes: | $1,073 |