Palatka, FL – 15-Space MHP “55+ Community” - Possible Assumable Note!!!
 
Tangle Trees MHP is located about 30 miles from St Augustine. The tenant base is very stable with long- term leases in place. The management and upkeep for this park is minimal with the owner doing little more than collecting rent.
 
The Tangle Trees MHP offers:
 
1.7-Acres MOL
15-spaces
0-Park Owned Homes
Year Built: 1982
100% Occupied
55+ Community
Well/Septic
Leases: 3-5 Year Term with built-in annual rent increases
 
Gross Revenue: $76,500
Expenses: $15,600
NOI: $60,900

For further information on the opportunity contact:

Benny Spensieri
813-391-1545
benny@CRESCorpLLC.com