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
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 18.0%
  • Listing ID: 658526
  • Posted On: Apr 23, 2016
  • Updated On: May 18, 2016

Description

Currently there are 14 mobile homes. 13 are owned by the park and average rent is $660. 1 lot is rent $325. 2 more spaces are approved by the city so total can have 16 homes. Seperate meter for electricity. City water on septic tank. Last year spent about $50,000 to install a brand new septic tank and 2 pumps, fixed up trailers and replaced 15 AC, 5 stoves, 3 refrigerators, sealed all roofs with the materials that are good for 10 years. Always 100% occupied with most of long time tenants. No owner finance is available.

Location

Located in a quiet living area with open spaces. 3 miles away from shopping malls with Wal-Mart, bank, UPS etc. 3 miles away from Deleon Spring State Park.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 100.0 %
Year Built: 1972
Average MH Lot Rent: $635
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $106,800
Operating Expense: $42,324
Net Operating Income: $64,476
Expense Ratio: 39.6 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $660