Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 2285157
- Posted On: Mar 28, 2023
- Updated On: May 25, 2023
Description
Tangle Tree Village is a 15 space, tenant owned community in Palatka, FL. This park is truly a gem and a beautiful community. It is registered with the State of Florida as a 55+ park. It is rare that a tenant will move out... but if they do there is always a waiting line to get in. Palatka is a hot rental market with many not able to afford to live in nearby Alachua, St. Johns or Volusia. Just 30 minutes to St. Augustine... this is a cash cow and with nothing to do or manage.
Location
Palatka, FL
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1975 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $6,500 |
| Operating Expense: | $1,125 |
| Net Operating Income: | $5,300 |
| Expense Ratio: | 17.3 % |
| Debt Info: | Current mortgage may be assumable. |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
