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!!

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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.

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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

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