Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.0%
- Listing ID: 1454978
- Posted On: Jun 9, 2021
- Updated On: Mar 14, 2023
Description
Large Mobile Home Park centrally located in Land O' Lakes, Florida.
* 69 total sites
* 43 Owner Occupied
* 8 Rentals
* 3 Storage spaces
* 10 Vacant lots
* 8 Vacant Homes
Large Florida MSA. Room for Rent Increase!
Clubhouse, Laundry Room, Gym
New Subdivisions nearby, Area improving rapidly.
Have A Park to Sell?
Contact Frank: 727-592-2418
Ask about our Pocket Listings:
Info@BirchRealty.com
Location
Land o' Lakes is part of the Tampa-St. Petersburg-Clearwater, Florida MSA with a very large population of 3.2 million people. Surrounding the are is wilderness Preservers, Dining, Outdoor Activities, and Nearby Major Cities, there is never a shortage of entertainment to enjoy.
Amenities
- Laundromat
- Storage
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 69 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $450 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $299,051 |
| Operating Expense: | $112,564 |
| Net Operating Income: | $186,467 |
| Expense Ratio: | 37.6 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
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