Spring Oaks MHP has 9 lots with 7 POH's & 2 empty lots and 1 home currently in repairs.
Added One 2bed/2bath NEW home in 2021
Replaced two septic systems 20021-2022
The remaining homes w/septic's have been drained & inspected.
Replaced all the electric meters, all are now up to date.
Replaced skirting on lot #1
All the stairs have been repaired or replaced.
All the homes have undergone between $2500-$5000 in renovations
All the roofs have been sealed
Homes are power washed yearly
As needed we replaced refrigerators, stoves and hot water heaters
Park has a Phase 1 environmental report on file
Park has a Elevation certificate on file
Park has a Health permit on file
Park has General Liability Coverage
All the tenants are current on their rent
All the tenants were screened and have 1 yr leases.
Current monthly Rent is $4,025.00
Current Fixed & Variable monthly expense - $1,421.58
Maintenance man lives in the park
Easy to manage from another state if need be.
2 empty pads ready - new homes rent for $775- $850 per month
Why Tallahassee- Large government, University and Health workforce (tenants)
***The income & expenses listed above are the current and actual numbers as of 9/2023
FIXED COSTS
Park Electric/Water...... 220.00
Waste Pro 351.50
Park Mowing 200.00
Google 15.00
Variable Costs
Electric Vacant 30.00 Lot 3
Repairs/materials 250.00
Misc. Costs Yearly Costs
Park Insurance 192.5 ........ 2310
Property Tax 141.75 ........ 1701
Corp Filing 12.5 .......... 150
Health Permit 8.33 ......... 100
Monthly Totals 1,421.58
