Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0%
- Listing ID: 1500947
- Posted On: Aug 21, 2021
- Updated On: Dec 28, 2021
Description
12 Unit Mobile Home Park with existing Tire Shop!! This is an excellent investment with almost 9% cap rate as is! If you're looking for a great investment with fantastic return this is it!! Call for more details and a private tour of the park and facilities!!
Location
Thontosassa, FL 33592
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1956 |
| Average MH Lot Rent: | $850 |
Financial Information (Actual)
| Gross Income: | $110,000 |
| Operating Expense: | $25,000 |
| Net Operating Income: | $85,000 |
| Expense Ratio: | 22.7 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Average Rent for Park-owned Homes: | $850 |
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