Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.3%
  • Listing ID: 1586293
  • Posted On: Jan 14, 2022
  • Updated On: May 16, 2022

Description

Arbor Haven MHC is an established rental community in an area of consistent demand for affordable housing. The property has six apartment efficiency dwellings and twenty-four park-owned rental homes. This property also features a partnership with The Tampa Housing Authority in the adoption of the V.A.S.H. voucher program. For more information please contact broker Jose Villao. If you visit this property please do not walk the property or disturb any of the tenants or staff. Offering Memorandum available upon request. Seller financing will not be considered.

Location

Near intersection of N. Florida Avenue & Fletcher Avenue in Tampa.

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Park Information

Total Occupancy: 85.0 %
Year Built: 1947
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $256,081
Operating Expense: $117,144
Net Operating Income: $138,938
Expense Ratio: 45.7 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 30
Average Rent for Park-owned Homes: $836

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