Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 12.3%
- Listing ID: 644155
- Posted On: Mar 11, 2016
- Updated On: Aug 10, 2016
Description
Three mobile home parks with a total of 69 units located in Melbourne, Florida. Historically high occupancy with exceptional cash flow. All parks are located along Aurora Road, within minutes of Interstate 95, and the Indian River. Unique opportunity to invest in an ongoing project, with positive cash flow, and limited expenses.
Location
Located along Aurora Road, between Interstate 95 and the Indian River, in Melbourne, Brevard County, Florida.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 69 |
| Average MH Lot Rent: | $400 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $274,536 |
| Operating Expense: | $103 |
| Net Operating Income: | $170,882 |
| Expense Ratio: | 0.0 % |
Lot Information
| Singlewide Lots: | 69 |
Utility Information
| Water: | City |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 69 |
| Average Rent for Park-owned Homes: | $400 |
