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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 229898
  • Posted On: Jul 21, 2012
  • Updated On: Aug 26, 2015

Description

DOWN ON THE RIVER !! Waterfront Money Making Mobile Home Park with 8 park owned units and 1 additional non-mobile home on the Alafia River.Access to Tampa Bay and the Gulf of Mexico.Located in Brandon, FL off Brandon Blvd and close to shopping malls,restaurantsand Lee Roy Selmon expressway to Downtown Tampa and 1-75.Bring your fishing poles and bring your boat! Includes one storage shed on location.Live in the 2B/1B wood constructed home overlooking the river and manage the 8 park owned mobile homes.Will provide rent roll and expense information with signed NDA. No P&L's or other financial info without pending contract.Please do not drive the park or talk to anyone without an appointment.With NDA you receive rent rolls and expense info,with pending contract you receive P&L's.Estimated cap rate 12.9%.Possible owner financing with 50% down and Seller to qualify buyer.Gross Income-$ 64,860-Expense-$ 17,254-$ Net Income $ 47,606-Projected-Proforma.With signed NDA basic financial info supplied.Showings appointment made after signed NDA and proof of funds and/or prequal letter and/or loan approval letter are received with 24 hour notice based on owners availability.

Location

Brandon, FL

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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 98.0 %
Year Built: 1977
Size: 1 acre(s)

Financial Information (Pro Forma)

Gross Income: $64
Operating Expense: $17
Net Operating Income: $47
Expense Ratio: 26.6 %

Utility Information

Water: City
Sewer: Septic

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