Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 8.0%
- Listing ID: 1530331
- Posted On: Oct 6, 2021
- Updated On: Feb 11, 2022
Description
Very nice 8 unit mobile home park with all park owned homes located in Gibsonton Fl. This park is centrally located between interstate i75 and US 41 approximately 10 minute drive to Amazon Distribution Center and other large commercial hubs of employment. This park has well and septic utilities and rents are far below market value. Every unit has room for rent increases. Dont miss out on this well maintained centrally located park, new construction neighborhood across the street. Seller Financing Available with 50% down.
Location
Well maintained centrally located park, new construction neighborhood across the street.
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Park Information
| Total Occupancy: | 100.0 % |
Financial Information (Actual)
| Gross Income: | $92,400 |
| Operating Expense: | $9,667 |
| Net Operating Income: | $82,733 |
| Expense Ratio: | 10.5 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $1,000 |
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