Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.3%
- Listing ID: 1431802
- Posted On: May 3, 2021
- Updated On: Feb 1, 2022
Description
12 Lot Florida Park
City Water/City Sewer
Navarre, FL / Just minutes from the Ocean.
2 park package is available with another park for sale within the same county.
Seller-Financing Available!!
Have a Park to Sell ?
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Contact Frank at 727-592-2418
info@birchrealty.com
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Location
Navarre is a town in Santa Rosa County with a good sized population. U.S. military personnel, federal civil servants, local population, retirees and defense contractors make up majority of the town, so occupancy is not a problem.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $650 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $76,215 |
| Operating Expense: | $21,698 |
| Net Operating Income: | $54,517 |
| Expense Ratio: | 28.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $650 |
