Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 9.7%
  • Listing ID: 425480
  • Posted On: Feb 19, 2014
  • Updated On: Feb 12, 2016

Description

55+ Mobile Home Community with 98 units comprising 6.5 acres along Ridgewood Ave (US HWY-1), which is one of the three major North/South arteries of the greater Daytona Beach area. Conveniently located with access to restaurants, shopping, and public transportation. Minutes from the famous International Speedway Blvd, and Downtown Daytona. The property is provided with water and sewer by the City of Holly Hill as well as is police and fire protection. Each of the 98 pads are sub-metered.
Offer Memorandum with detailed financials are available upon request. Confidentiality Agreement Required (See Attachment).

Location

West side of Ridgewood Ave., just North of 6th Street.

Amenities

  • Laundromat
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Park Information

Community Type: 55 And Over
Number of MH Lots: 98
Total Occupancy: 93.0 %
Year Built: 1970
Average MH Lot Rent: $355
Size: 7 acre(s)

Lot Information

Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 1

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $355

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