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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.6%
  • Listing ID: 654854
  • Posted On: Apr 12, 2016
  • Updated On: Aug 29, 2017

Description

This is a 65-Lot mobile home park comprising approximately 6.5 acres, including one lot with a 3bed/2 bath mobile home currently occupied by the on-site park manager. Also, a 1,053 square foot clubhouse with dining room, kitchen, 1 bath, picnic area, 2 shuffleboard courts and coin operated laundry machines (Additional $1,000+/- monthly). The park is on city water and has a modern septic system where lift station pumps to a leach bed on a 1 acre adjoining piece of land. The park has historically enjoyed good occupancy levels of 95% or better. Majority of the tenants are long-term and have been there at least 12 years, as has the on-site manager. THIS IS A CONFIDENTIAL LISTING. SIGNED NDA IS REQUIRED (SEE ATTACHED). FOR ADDITIONAL INFORMATION AND SHOWING INSTRUCTIONS PLEASE CONTACT LISTING AGENT: ROBBY CLOAR

Location

Located along S. Volusia Ave (17-92) in Orange City, Fl.

Amenities

  • Laundromat
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 65
Total Occupancy: 97.0 %
Year Built: 1970
Average MH Lot Rent: $360
Size: 7 acre(s)

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $480

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