Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.0%
  • Listing ID: 20080
  • Posted On: Mar 9, 2011
  • Updated On: Mar 9, 2011

Description

This property is located on ten acres. It has 32 spaces and two bedroom apt. Plenty of room to add ten more spaces which the county has approved. Also the location is great and could be zoned commercial to ad to the value. Owner would not be saleing but has become ill the last few months. Because of illness this is a final sale offer. in past had 1,2 millon offer and property was appraised for that amount, This is a great rental property for anyone in the business someone getting in for first time.

Location

in Plant City on w hwy 92 it is in a mhp area w one beside the oark and rv park across the street. It is located where beautiful new walkway bridges have been built.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 90.0 %
Year Built: 0
Average MH Lot Rent: $375
Size: 10 acre(s)

Financial Information

Gross Income: $180,000
Operating Expense: $36,000
Net Operating Income: $144,000
Expense Ratio: 20.0 %

Lot Information

Singlewide Lots: 31
Doublewide Lots: 1

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $550