Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 7.0%
- Listing ID: 1495730
- Posted On: Aug 12, 2021
- Updated On: Feb 13, 2022
Description
18 Space park in Madison Florida. 14 homes on site and 4 pads ready for additional homes. Value-add play with the ability to bring lot rents to market and add 4 more homes. Seller financing available. Financials and copies of invoices for expenses are available. MHP is 1.2 miles (3 minutes) from charming Downtown Madison. Madison Blue Springs State Park is 9 miles/10 minutes. Owner has very little responsibility and professional management is in place.
Owner is only selling to move up in size. Please email me or call at 904.534-1523
Location
Madison Florida is 1 hour from Tallahassee, 1.5 hours from Jacksonville, Half hour to Valdosta, GA. 10 minutes to I10, 20 minutes to I75.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $270 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $58,000 |
| Operating Expense: | $15,000 |
| Net Operating Income: | $43,000 |
| Expense Ratio: | 25.9 % |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
