Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 17.0%
  • Listing ID: 200647
  • Posted On: Jun 21, 2012
  • Updated On: Jun 1, 2013

Description

For Sale by Owner

Turnkey, very easy to run!

We are selling this great, passive income property, due to divorce,

Beautiful, calm, country setting, just outside Gainesville. Only 15 minutes to see the Gators play :)
Local town has a bank, several gas stations, restaurants, grocery store, hardware store and great lake access for fishing

16 Income producing units along with a community laundry.

12 are park owned mobile homes and 1, that pays lot rent. There is also a 2-story concrete block building made up of a 1/1 apartment, a 2/1 apartment and a very large, 4/1 apartment.

There is also a large, concrete block garage and an extremely large pole barn on the property.

The property is +/- 7 acres. Split into 2 adjoining parcels. One is 1.5 acres and has its own large, late model, 3/2 doublewide.

Because of the double wide on its own lot and the concrete block structures, partial regular bank financing should be possible, as compared to other mobile home communities with no "real" structures.

Property is extremely easy to run with many long term tenants, some as long as 6 years.

The property sits against a 9000 acre, University of Florida, conservation area.

Apt. A $325 Apt. B $425 Apt. C $550 Lot 1 $395 Lot 2 $395 Lot 3 $395 Lot 4 $425 Lot 5 $395 Lot 7 $450 Lot 8 $150
Lot 9 $395 Lot 10 $275 Lot 11 $525 Lot 12 $475 Lot 13 $395 Doublewide on own parcel $625

Location

just outside Gainesville, on a state road

Amenities

  • Laundromat
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 100.0 %
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $79,140
Operating Expense: $16,080
Net Operating Income: $63,060
Expense Ratio: 20.3 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic