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.

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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

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