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
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

  • Cap Rate: 10.0%
  • Listing ID: 625349
  • Posted On: Jan 28, 2016
  • Updated On: May 3, 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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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

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

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

Similar Mobile Home Parks for Sale