FAMILY MHP-14 sites in Belleview, Florida, Marion County

PRINCIPALS ONLY

ASKING PRICE~~~$350,000

This Park offers opportunity for immediate rent increases. One site has a park home that is occasionally used by owner which is now remodeled and ready to rent.
There are 2 plus/minus undeveloped acres included with park price that may be available for future mobile home sites subject to County approval.
Park was originally purchased by Father; now the family owns the park and wants to sell.
Park occupancy is currently @ 85%. Immediate upside potential. Investor opportunity on main thoroughfare with other parks, commercial & industrial properties nearby. Long-term tenants with immediate opportunity to increase rents.
9 sites are lot rentals only with long-term tenants and 5 sites have park owned mobile homes. Potential for expansion of additional sites.
Private well and septic systems. Electricity is individually metered.

Annual Revenue & Expenses (Pro-forma when fully rented at market rental rates.)
Income $60,300
Expenses $11,433
NOI $48,867 Cap Rate 13.5%

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 E. Rhudy, his Agents 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.