Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.3%
- Listing ID: 1539660
- Posted On: Oct 19, 2021
- Updated On: Feb 11, 2022
Description
*33 Acres
*130 Licensed Lots
*40 Waterfront Lots
Motivated Seller!
70% Occupied AVG
Avg. Lot Revenue per night- $47
Avg. Lot Revenue per season- 7,144
Well Water/RV Dump Station
Public Bathrooms
Swimming Beach
Menominee River Access
Playground Area
Breakdown of Lots:
48 Full Hookups
30 Pull Thru
107 Have Electric/Water Hookup
125 Have 50 Amp
1 Park Model
1 Park Owned RV
1 Stick built home on one acre ($250,000 value)
Have a Park to Sell ?
We want to help!
Contact Frank at 727-592-2418
info@birchrealty.com
Location
Rivers Bend is located in a vacation destination area with 130 RV lots, 2000 feet of water front, permanent tenants and short term tenants. Below market rent. Park is open from May to October. Includes nice, recently owner built home adjacent to park on a beautiful secluded one acre parcel.
Amenities
- Laundromat
- Storage
Park Information
| Community Type: | All Age |
| Year Built: | 1989 |
| Size: | 33 acre(s) |
Financial Information (Actual)
| Gross Income: | $404,503 |
| Operating Expense: | $154,373 |
| Net Operating Income: | $250,130 |
| Expense Ratio: | 38.2 % |
RV Information
| Number of RV Lots: | 140 |
| Average RV Lot Rent: | $47 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |