Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 17.8%
- Listing ID: 576060
- Posted On: Oct 27, 2015
- Updated On: Jul 4, 2016
Description
NEW PARK FOR SALE: Reduced ASKING PRICE ~~~$199,000~~~
FAMILY MH/RV Park – WATERFRONT PARK!!
8 Rental Sites
Okeechobee County, Okeechobee, Florida
PRINCIPALS ONLY!
Great Location - waterfront canal access to Lake Okeechobee!!!
Family Park with long-term renters, 7 sites are occupied and 1 RV site is vacant...ready to rent. Sale includes 2 MH Park owned models, 1 tenant owned MH, 3 RV Park owned, 1 tenant owned RV all recently remodeled! All sites have county water, septic, county trash pick-up and individually sub-metered electric. Direct canal access to Lake Okeechobee! Community Dock and waterfront screened porch for residents!! Upside rental income potential...the New Owner can immediately increase income by raising rents.
Owner is ready to sell, retire and travel.
Please sign the attached c/a agreement to receive the address & financial information on this MH/RV Park opportunity! Thank you and have a great day!
Location
The address IS NOT correct. Please sign the attached c/a agreement to receive the correct address.
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 Douglass 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.
Park Information
Community Type: | All Age |
Size: | 0 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $42,264 |
Operating Expense: | $6,774 |
Net Operating Income: | $35,490 |
Expense Ratio: | 16.0 % |
Utility Information
Water Paid By: | Tenant - Submetered |
Sewer: | Septic |