Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 15.0%
  • Listing ID: 3978688
  • Posted On: Nov 11, 2023
  • Updated On: May 13, 2024

Description

This is a unique opportunity to purchase a cashflow with over a 10% cap in the ever growing Central Florida area. This fully occupied 7 unit park that has room to add more units if desired. Lets get your cash out of inflation and earning a livable return. gwatsonj@gmail.com for more details.

Location

Old Homeland is a classic small town America place. Come find out why.

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Park Information

Community Type: All Age
Number of MH Lots: 7
Total Occupancy: 100.0 %
Year Built: 19691985
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $6,031
Operating Expense: $700
Net Operating Income: $64,000
Expense Ratio: 11.6 %

Lot Information

Singlewide Lots: 7

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $861

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