Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 6.9%
- Listing ID: 15396
- Posted On: Aug 17, 2010
- Updated On: May 14, 2013
Description
Tyrone Village is a senior community developed around 1974. Located on Tampa's north side the park offers easy access to Interstate 275 and downtown. The park has 106 homesites and 5 RV sites and is serviced by public utilities. Residents pay the site rent plus pass through charges. There are 3 park owned homes which are for sale not for lease.
Amenities
- Pool
- Club House
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Park Information
Community Type: | 55 And Over |
Number of MH Lots: | 113 |
Total Occupancy: | 96.0 % |
Year Built: | 1974 |
Average MH Lot Rent: | $397 |
Size: | 13 acre(s) |
Financial Information (Actual)
Gross Income: | $545,178 |
Operating Expense: | $201,924 |
Net Operating Income: | $343,254 |
Expense Ratio: | 37.0 % |
Debt Info: | 1st mortgage $2,180,000 |
RV Information
Number of RV Lots: | 5 |
Average RV Lot Rent: | $400 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |