Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 9.1%
- Listing ID: 1583076
- Posted On: Jan 10, 2022
- Updated On: Nov 14, 2023
Description
Two beautiful Davenport MHP's located within 3-miles from each other. Each park is zoned Commercial-Industrial, promising more development options. Developer can enjoy collecting an income while getting their plans in place. (Seller is currently getting permits for a 100 space Outdoor Storage on the Hwy 17-92 Park)
Zoning permits the following Development Options:
• Warehouse/Storage/Manufacturing/Distribution
• Medical Facility/Office
• Retail
• School
• Veterinarian
105 Clairmar Cr, Davenport, FL:
• 5-acres MOL
• 25-space (13 POM's)
• 1-Apartment
• Gross Revenue $216,272
• NOI $188,000
• 92% Occupied
• Zoned Commercial-Industrial
1111 Hwy 17-92 N, Davenport, FL:
• 15-acres MOL
• 38-Space (38 POM's)
• 9-Cottages
• 2 Residential Homes
• Gross Revenue $496,200
• Zoned Commercial-Industrial
• Plans for a 100 space Outdoor Storage on 3.5-acres of this site
Buy one or both! Contact Benny Spensieri for further information: 813-391-1545 or benny@CRESCorpLLC.com
Location
Two location in Davenport. One on Hwy 27 (not too far from I-4) and the other on Hwy 17-92. Parks approximately 3-miles apart from each other
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 78 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1981 |
| Average MH Lot Rent: | $600 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $859,160 |
| Operating Expense: | $300,706 |
| Net Operating Income: | $558,454 |
| Expense Ratio: | 35.0 % |
Lot Information
| Singlewide Lots: | 78 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 56 |
| Average Rent for Park-owned Homes: | $1,200 |
