Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, New Loan
- Listing ID: 323013
- Posted On: Oct 28, 2012
- Updated On: May 5, 2014
Description
The Parkway Mobile Home Park consists of 20 mobile home lots.
There are currently 9 rented lots at $300-$400 per monthly.
There are 6 Vacant MH lots. There are 5 park owned mobile homes with 1 rented for $300 per month.
Water and septic on site included in rent. Rent includes water ($250 per month for the whole park). The water system is overseen by Tri-Florida Water Treatment.
Garbage is handled by Republic Services at $376 per month. There are 2 eight yard dumpsters on site.
This is a bank owned property. Seller financing is not available. They require the buyer to close within 20-30 days. A 7 day inspection period is allowed. A 10% escrow deposit required.
Location
This property is located In Central Florida in Polk County. It is on New Tampa Highway a/k/a US Hwy 92, on the westside of the City of Lakeland between Galloway Road and Countyline Road. It is within a mile of the Polk Parkway and 2 miles from Interstate 4.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $300 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $72,000 |
| Net Operating Income: | $30,450 |
Lot Information
| Singlewide Lots: | 20 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $300 |