MOBILE HOME PARK~~FOR SALE
FAMILY MHP ~ 52 SITES ~ Putnam County, Palatka, Florida
WATERFRONT PARK ~ PRINCIPALS ONLY
REDUCED ASKING PRICE ~ $1,450,000
SELLER SAYS SELL ~ UPDATED ~ INCREASED REVENUES and REDUCED EXPENSES
BANK FINANCING AVAILABLE TO QUALIFIED BUYER with 30% to 35% DOWN!

Please sign & return the attached c/a agreement (Link Below) to receive all financial information, pictures and the correct address of the park. Thank you!

This 52 site Park has great upside revenue potential, including 4 plus or minus waterfront acres. Park has good mix of long term tenants including tenant-owned homes (lot rents only), leased park-owned homes and vacant park-owned mobile homes now being remodeled. Park has 36 long-term rentals, including waterfront house used for P.T. Managers Home/Office/Future Laundry and Maintenance Area. Great upside rental potential with 11 vacant Park owned MH’s ready to be remodeled and 6 vacant lots ready to rent. Park features large lots, massive open-park-like lake front property. Great Investor opportunity with a seasoned P.T. Manager and P.T. Maintenance man in place that will stay on for new owner.

Opportunity to increase income by adding more homes, selling existing Park Owned homes, renting vacant mobile homes and lots, raising rents and by adding a Laundry in the Apartment/Office/Maintenance Building.

Electricity and water/sewer are individually metered to each site and each tenant pays their own utilities, water and sewer bills.

12.17 plus or minus TOTAL acres.

Park is currently generating annual revenue of over $190,000 per year; and is capable of an annual revenue of over $250,000 per year.

Annual Revenue ~ $215,000 including newly remodeled homes, projected as of November 2019.

Cap Rate ~ 10.2 % (with New Homes Rented and with P.T. Management and P.T. Maintenance personnel included)

We look forward to hearing from you!
Warm regards,
Doug