Mobile Home Park Details
- Purchase Method: Seller Financing, Assumable Loan
- Cap Rate: 8.5%
- Listing ID: 19318
- Posted On: Jan 25, 2011
- Updated On: Jan 31, 2012
Description
Huge Park
99 MH Lots
36 RV Lots
Three extra RV acres cleared and ready for expansion
Deeded to sell or lease all spaces
Pool
Clubhouse
Entire city on private sewer and well
Location
Located 1 mile from the Gulf of Mexico. Progress Energy plant within a mile. Energy plant permitted to expand within 2 years with the project expansion spanning over 12 years. Huge potential in this town for workers and families.
Family Park
Amenities
- Storage
- Pool
- Club House
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 99 |
| Total Occupancy: | 65.0 % |
| Year Built: | 1981 |
| Average MH Lot Rent: | $235 |
| Size: | 25 acre(s) |
Financial Information (Actual)
| Gross Income: | $180 |
| Operating Expense: | $4 |
| Net Operating Income: | $126 |
| Expense Ratio: | 2.2 % |
| Debt Info: | Assumable note |
Lot Information
| Doublewide Lots: | 99 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 36 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 38 |
| Average Rent for Park-owned Homes: | $470 |
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