Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 13.8%
- Listing ID: 466807
- Posted On: Aug 27, 2014
- Updated On: Nov 14, 2016
Description
NEW PARK FOR SALE: GREAT LOCATION!!!
POLK COUNTY, FLORIDA
Family MH & RV PARK~~~28-sites, 23-MH’s- & 5-RV’s
PRINCIPALS ONLY
ASKING PRICE~~~$425,000
Seller is Offering OWNER financing to qualified Buyers with 35% down!
This well maintained Park is 64% occupied. Older Park but well established with a waiting list ready to move in. 7 MH's and 3 RV's are on site and ready to be remodeled and rented. Proposed income for these units is not included in income.
Great Investor opportunity. Located near a main thoroughfare with rural, commercial and industrial property nearby.
Manager lives in park model on site, handles most of the repairs and his compensation is included in operating expenses.
High rental demand market. Long-term tenants with the opportunity to raise rents and bring additional MH's into the rental pool that are on sight now.
2.07 plus/minus acres. Well and Septic. Electricity individually metered on all sites.
Sale includes 25 park owned models plus vacant office that has been rented before. Most rental units have been remodeled, plus 2 for storage.
On-site laundry generates additional revenue.
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 Doug Rhudy 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.
Location
The address IS NOT correct. Please SIGN the attached C/A Confidentiality Agreement to receive the correct address & all financial information on this MH/RV Park.
Amenities
- Laundromat
Park Information
Community Type: | All Age |
Size: | 2 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $88,800 |
Operating Expense: | $30,340 |
Net Operating Income: | $58,460 |
Expense Ratio: | 34.2 % |
Utility Information
Water: | Well |
Sewer: | Septic |