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 |