Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.3%
  • Listing ID: 431239
  • Posted On: Apr 5, 2014
  • Updated On: May 30, 2024

Description

NEW PARK FOR SALE: Lake County, FL

PRINCIPALS ONLY

Family MHP-80 sites. City water, sewer and trash all individually metered and managed by Power Company. On 10 +/- acres. Management in place. Sale includes 12 mobile home mortgages and 1 unoccupied home that is for sale.

Breakdown of asking price $2,300,000 plus $114,000 = $2,400,000.
Owner would consider selling park & keeping mortgages on units.
Possible Seller financing with $850,000 down.

PLEASE SIGN ATTACHED C/A AGREEMENT to receive all financial information.

Location

The address is NOT correct, PLEASE SIGN the attached c/a agreement to receive all financial information & correct address of this park opportunity.
Thank you.

Disclaimer: The information and (all files attached) have been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Bob Webster or Wm. Robert Webster Inc., A Real Estate Corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice

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Park Information

Community Type: All Age
Number of MH Lots: 80
Size: 10 acre(s)

Financial Information (Pro Forma)

Gross Income: $274,920
Operating Expense: $52,991
Net Operating Income: $221,929
Expense Ratio: 19.3 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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