Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 9.7%
- Listing ID: 556324
- Posted On: Aug 31, 2015
- Updated On: Sep 3, 2016
Description
****PRICE DROP for a cash buyer only*****
***Please do not attempt to negotiate this price. it's a steal at this price. Dropped it for a quick cash sale. Will do seller financing with $40,000 down and will finance the $40,000 (total price of $80,000) with a 5 year balloon.
Great Opportunity in Florida - 2.85 Acres - 4 Trailers with plenty of room to add more trailers. Fully Occupied. Recently Remodeled 3 trailers. All in good condition. Great Property Manager.
Trailer A - 1995 - $350 month
Trailer B - 1998 - $450 month
Trailer C - 1991 - $400 month
Trailer D - 1982 (had 4 point inspection last year) - $300 month
Location
50 miles outside of Tallahassee. 95% of the county is a protected forest.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 4 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $18,000 |
| Operating Expense: | $5,862 |
| Net Operating Income: | $12,138 |
| Expense Ratio: | 32.6 % |
Lot Information
| Singlewide Lots: | 4 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $350 |