Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 4.8%
- Listing ID: 1613093
- Posted On: Feb 28, 2022
- Updated On: Jan 23, 2023
Description
Major Price Reduction!
Sites Total: 298
Condo Sites 10
Rental Homes Owned: 32 (Valued over 2,000,000 if sold to tenants)
Resident Owned Homes 44
*Rentals Homes Averaging - $925 *Resident Homes Average - $380 *Condos - $1,000 Yearly Fees
All sites on paved streets, curbs and gutters, 212 sites have:
Water & Sewer
Natural Gas
Electric
Cable- Phone
86 Sites needs Water
Somerset Estates also has: 200 Acres.
3 - Community Buildings. 2 - Sales Lot Buildings. 2 Wells and 1 Sewer Treatment Plant
Have A Park to Sell?
Contact Frank: 727-592-2418
Ask about our Pocket Listings:
Info@BirchRealty.com
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 298 |
| Total Occupancy: | 40.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $380 |
| Size: | 200 acre(s) |
Financial Information (Actual)
| Gross Income: | $489,152 |
| Operating Expense: | $180,122 |
| Net Operating Income: | $309,030 |
| Expense Ratio: | 36.8 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 32 |
| Average Rent for Park-owned Homes: | $925 |
