Mobile Home Park Details

  • Cap Rate: 7.0%
  • Listing ID: 14067
  • Posted On: Jun 29, 2010
  • Updated On: Feb 25, 2014

Description

218+ Sites lot rent Senior park located in Polk County Florida. Currently there are 173 sites in operation. Public water and sewer. All amenities. Residents share cost of water/sewer and property taxes. 39 Acres completely fenced and gated (included 7 acres in asking price for expansion). Concrete sidewalks on both sides of the streets, all streets recently repaved, a mix of single and double wide homes plus a 5,500 square foot clubhouse. A well kept senior park in a great community!

Location

The address of the park is not correct. PLEASE sign the attached c/a agreement to receive all financial information on this park. Thank you.

Disclaimer: The information has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Bob Webster or Wm. Robert Webster Inc., A Real Estate Corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.

Amenities

  • Laundromat
  • Pool
  • Club House
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Park Information

Community Type: 55 And Over
Number of MH Lots: 218
Total Occupancy: 80.0 %
Size: 39 acre(s)

Financial Information (Actual)

Gross Income: $768,899
Operating Expense: $256,783
Net Operating Income: $512,116
Expense Ratio: 33.4 %

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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