Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 16.0%
- Listing ID: 516495
- Posted On: Apr 9, 2015
- Updated On: Mar 18, 2016
Description
4.83 Florida Lakeside Acres w boat ramp, 47 vested units= 10 cabin units, (some are doubles),15 park owned RVs, 3 RV space only, 14 park owned MH, 5 MH space only, PLUS 6 grandfathered but undeveloped residential lots of record. Beautiful views, on site transient non community water system, small Lake side open pavilion, pool table, laundromat, Storage Garage and separate workshop.
Location
Lakeside park in the heart of one of the favorite, but small town, retirement areas of Florida with lakes, rivers, 46 mile pave bike trail, forests, rolling hills big oaks, award winning small cities (Inverness & Crystal River), good medical, shopping and recreation. Ocala 30 minutes north, Tampa and Orlando 90 minutes South to international airports and all the attractions.
Amenities
- Laundromat
Park Information
| Total Occupancy: | 95.0 % |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $270,138 |
| Operating Expense: | $86,345 |
| Net Operating Income: | $183,793 |
| Expense Ratio: | 32.0 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
