Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.0%
- Listing ID: 576134
- Posted On: Dec 15, 2015
- Updated On: Jan 28, 2016
Description
Price Reduced for 22 Space MHP. Profitable and well maintained mobile home park. Currently set up for absentee ownership and/or first time MHP buyer, all the heavy lifting has been done. Old trailers removed & replaced with new/used units, MH"s rehabbed and tenants in place on rent-to-own contracts, new well pump, septic well maintained and regularly serviced, new electric power poles and service panels, No gas in the park. Quiet family park with good long term tenants and related families. Good upside potential with four vacant lots and storage building with potential to convert into 2 apt units. Lakeland is centrally located between Tampa and Orlando with good industry and jobs nearby! Possible seller financing or lease w/ option for qualified buyer! This won't last so take advantage.
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 22 |
Total Occupancy: | 80.0 % |
Year Built: | 1973 |
Average MH Lot Rent: | $375 |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $6,000 |
Operating Expense: | $1,693 |
Net Operating Income: | $4,307 |
Expense Ratio: | 28.2 % |
Lot Information
Singlewide Lots: | 18 |
Doublewide Lots: | 2 |
Triplewide Lots: | 0 |
RV Information
Number of RV Lots: | 2 |
Average RV Lot Rent: | $375 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 2 |
Average Rent for Park-owned Homes: | $650 |