Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 15.0%
- Listing ID: 505612
- Posted On: Jan 27, 2015
- Updated On: Sep 2, 2015
Description
Lovely 17 Unit Mobile Home Park located in the fastest growing area of North Jacksonville. Owner has completely gone through the infrastructure in the past three years and upgraded many trailers, roads, drain fields and wells. Additionally the owner has performed background checks on all tenants as they were moving in to ensure the highest quality tenants occupy the family oriented park. Park will hold 17 Units but the owner has reduced the price and calculated the asking price based on 16 units as he believes the 17th unit should be replaced if the new owner wishes
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Park Information
Community Type: | All Age |
Number of MH Lots: | 17 |
Total Occupancy: | 94.0 % |
Average MH Lot Rent: | $628 |
Size: | 4 acre(s) |
Financial Information (Actual)
Gross Income: | $116 |
Operating Expense: | $27 |
Net Operating Income: | $88 |
Expense Ratio: | 23.3 % |
Debt Info: | 0 |
Lot Information
Singlewide Lots: | 17 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |