Mobile Home Park Details

  • Cap Rate: 8.4%
  • Listing ID: 1673468
  • Posted On: May 20, 2022
  • Updated On: Nov 21, 2022

Description

* City Water
* City Sewer
* 26 Lots
* 2 Homes are currently being renovated which will add $1,350 a month to month rent roll
* Adding $1.350 to income make cap rate 9.12%
* Well Maintained
* Grandfathered location

Location

Located in the quaint town of Lake Butler.

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Park Information

Year Built: 1970

Financial Information (Actual)

Gross Income: $186,000
Operating Expense: $32,320
Net Operating Income: $108,680
Expense Ratio: 17.4 %

Utility Information

Water: City
Sewer: City

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