Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 8.4%
- Listing ID: 279762
- Posted On: Sep 26, 2012
- Updated On: Sep 23, 2013
Description
Myakka River RV Resort is an all age community consisting of 81 RV sites and 2 tent sites. The park has frontage on the Myakka River allowing for small boats, canoes, paddlewheel boats and a fishing dock. 43% of the homes are annual leases including 22 park models. The park was recently re-wired with all 50 amp serviecs and provides the availablity of Wi-Fi and cable. Available amenities include a clubhouse, pool, laundry and storage. The park is serviced by public water and sewer and is booked for the season. The site consists of 20.37 acres of which 8.14 acres are upland.
Location
Myakka River RV is located in Venice immediately south of Sarasata on US Hwy 41 which is a heavily traveled roadway. I75 is but a short drive to the east making the park easily accessed from two major highways. The community is situated on the river and in close proximity to shopping.
Amenities
- Laundromat
- Storage
- Pool
- Club House
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 81 |
| Year Built: | 1979 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $561,482 |
| Operating Expense: | $301,444 |
| Net Operating Income: | $260,038 |
| Expense Ratio: | 53.7 % |
| Debt Info: | 70% LTV, 5% rate, 25 Yr Amort. |
Lot Information
| Park Model Lots: | 22 |
RV Information
| Number of RV Lots: | 81 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
