Contact Information

Esperanza Sierra

Mobile Home Park Details

  • Price: $650,000
  • Cap Rate: 10.1%
  • Listing ID: 6727890
  • Posted On: Sep 13, 2024
  • Updated On: Sep 13, 2024

Description

Contact Lead Broker: William Capone
Email: wcapone@SIGnnn.com
Phone Number: 954-723-8342
Sands Investment Group is Pleased to Exclusively Offer For Sale the Bonifay Estate Located at Windy Lewis Road in Bonifay, FL. This Deal Has 19 Lots With 14 Occupied (18 Licensed MH, 1 Storage) - 5 Tenant Owned Homes, 9 Park Owned (1 Rent to Own Contract) + 1 Park Owned Being Used For Storage and Increase Lot Rents to Market Levels of $400+, Providing For a Secured Investment.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 74.0 %
Size: 6 acre(s)

Financial Information (Actual)

Gross Income: $96,900
Operating Expense: $31,119
Net Operating Income: $65,781
Expense Ratio: 32.1 %

Lot Information

Singlewide Lots: 19

Utility Information

Water: City
Sewer: City

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