Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 12.5%
- Listing ID: 3977665
- Posted On: Nov 10, 2023
- Updated On: May 13, 2024
Description
This wonderful 12.5% Cap rate mobile home park with 2 houses at full occupancy is ready for new ownership that will provide $60,000 a year return. Contact me to get this deal in motion. gwatsonj@gmail.com
Location
This mobile home park is located in a quiet dead end street in South Bartow in Polk County Florida.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 5 |
Total Occupancy: | 100.0 % |
Year Built: | 19651977 |
Average MH Lot Rent: | $828 |
Size: | 1 acre(s) |
Financial Information (Actual)
Gross Income: | $5,800 |
Operating Expense: | $800 |
Net Operating Income: | $60,000 |
Expense Ratio: | 13.8 % |
Lot Information
Singlewide Lots: | 5 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 2 |
Average Rent for Park-owned Homes: | $800 |