Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 4.0%
- Listing ID: 1884634
- Posted On: Sep 14, 2022
- Updated On: Mar 10, 2023
Description
Unprecedented opportunity to obtain 42 total units in the rapidly growing Lakeland Winterhaven Metropolitan area. 33 MHP units, 6 RV spaces, and 3 apartments make this a well-diversified asset with deep potential. 5 Lakefront lots with an added dock with potential for additional rental revenue from boaters. 4 income streams under one umbrella in this location are nearly impossible to find. Fill and flip for $2.5mm+! 12 POHs included, this is a "blank canvas" property that is ready to go.
Amenities
- Laundromat
- Storage
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 33 |
Total Occupancy: | 27.0 % |
Year Built: | 1965 |
Average MH Lot Rent: | $425 |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $60,000 |
Operating Expense: | $15,000 |
Net Operating Income: | $45,000 |
Expense Ratio: | 25.0 % |
Lot Information
Singlewide Lots: | 20 |
Doublewide Lots: | 13 |
RV Information
Number of RV Lots: | 6 |
Average RV Lot Rent: | $450 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 12 |
Average Rent for Park-owned Homes: | $725 |