Mobile Home Park Details

  • Cap Rate: 9.2%
  • Listing ID: 2145087
  • Posted On: Mar 10, 2023
  • Updated On: May 15, 2023

Description

10 Park-Owned homes - Ages ranging from 1985 to 2015 with half being newer than 2000.

Stable park with strong rent roll and 100% occupancy.

Possible room to expand. Subject to zoning approval.

Roads recently filled in and graded.

Private Well (owner pays electric for pump)

Garbage - Dumpster in park (owner pays)

Septic Systems (tank / drain field)

Location

45 minutes from Panama City FL or Dothan AL

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Park Information

Community Type: All Age
Total Occupancy: 100.0 %
Year Built: 1970
Size: 6 acre(s)

Financial Information (Actual)

Gross Income: $100,800
Operating Expense: $36,252
Net Operating Income: $64,548
Expense Ratio: 36.0 %

Utility Information

Water: Well
Sewer: Septic

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