Mobile Home Park Details

  • Cap Rate: 10.9%
  • Listing ID: 19473
  • Posted On: Aug 3, 2010
  • Updated On: May 30, 2024

Description

72 Site RV park on 15 acres. Park could be expanded 134 total spaces. Approximately 5-7 acres developed presently. Water sewer on site and provided to tenants along with trash. Private well with septic system for 72 sites. 42 annual rentals 22 of those are park units. All tenant owned. Existing well sized for expansion. Annual rent $2,040.00 per site $170.00 per month.

On Site owner manager 3/2 CS home 1400 sq. ft. updated & in immaculate condition with fireplace. Also office has a registration area at front of home that is separated from main living space.

Also included in the sale a new 2008 Chariot Park home 12x24 with a 12x40 completely finished add on with 2nd bedroom and 2 bath not rented. This could be used as a single family rental increasing cash flow.

Large storage building 30x40 insulated with 14 high ceiling with A/C unit, with tools and equipment included. Park is in excellent shape, perfect for owner occupied purchaser.

Owner would consider holding 1st position only with $500,000 down to a buyer deemed qualified by the seller.

Sumter County, Florida RV Park (Between Leesburg and Bushnell) Close to I-75

NEW REDUCED PRICE $1,100,000

SELLER just received approval to expand 10 more sites. Now have 72 sites in place! 62 year round and 10 six months or less plus 62 future expansion sites!!!

Projected 2011-2012 Season
52 @ $2,160 = $112,320
10 @ 6 months x $1,560 = $15,600
10 @ 3 months x $900 = $9,000
1 Brand new Park unit 2/2= $10,800
Total projected income $147,720

Disclaimer: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Bob Webster or Wm Robert Webster Inc. a real estate corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.

Amenities

  • Club House
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Park Information

Size: 15 acre(s)

Financial Information (Pro Forma)

Gross Income: $147,720
Operating Expense: $27,671
Net Operating Income: $120,049
Expense Ratio: 18.7 %

RV Information

Number of RV Lots: 72

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