Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 11.0%
- Listing ID: 460532
- Posted On: Jul 28, 2014
- Updated On: Oct 13, 2014
Description
A cozy Hobe Sound 55+ Community of 15 homes, + 5 overnight sites, all rented to retirees, mostly retired military. All rents come by direct deposit, manager pays all utilities. A great business on auto pilot! All homes are in tip-top condition, roads re-sealed. Needs nothing but a new owner manager!
Amenities
- Laundromat
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $600 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $106,000 |
| Operating Expense: | $36,000 |
| Net Operating Income: | $70,000 |
| Expense Ratio: | 34.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $600 |
