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 |