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Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 9.5%
- Listing ID: 432673
- Posted On: Apr 17, 2014
- Updated On: Jun 19, 2014
Description
9.47% CAP on wonderfully maintained MHP/with some Permanent RV component. Financing available. Owner is original developer!! Is ALWAYS full! onsite management is excellent. 40 spaces PLUS a very nice single family home that rents for $850/ Canal runs along one property line but NOT in flood Zone, making this an ideal setting for any resident!
Amenities
- Laundromat
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 41 |
| Total Occupancy: | 100.0 % |
| Year Built: | 196 |
| Average MH Lot Rent: | $360 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $177 |
| Operating Expense: | $59 |
| Net Operating Income: | $113 |
| Expense Ratio: | 33.3 % |
| Debt Info: | new will be needed |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 11 |
| Park Model Lots: | 5 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $360 |