Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 13.4%
- Listing ID: 446115
- Posted On: May 30, 2014
- Updated On: May 30, 2024
Description
PRINCIPALS ONLY ~~~ ASKING PRICE $ 890,000
Family MHP – 27 Rental Units
This well maintained Park is 100% full with a waiting list!!
GREAT location near St. Augustine and airport.
Investor opportunity on main thoroughfare with commercial and industrial property nearby.
Long-term tenants with opportunity to raise rents.
City/County water, sewer and electricity are all individually metered.
On 2.8 +/- acres and Management in place on-site for past 5 years.
Sale includes 25 well maintained park owned mobile homes, 1 owner occupied mobile home, 1 duplex, storage building and a workshop!
OWNER would consider financing with 40% down!
2014-Proforma
Scheduled Gross Income $169,332
Operating Expenses $ 50,300
Net Operating Income $ 119,032
Location
The address is NOT correct, PLEASE SIGN & return the attached C/A Agreement to receive all financial information, pictures and the correct address. Thank you.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 100.0 % |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $169,332 |
| Operating Expense: | $50,300 |
| Net Operating Income: | $119,032 |
| Expense Ratio: | 29.7 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
