Contact Information

Mobile Home Park Details

  • Price: $559,999
  • Cap Rate: 10.1%
  • Listing ID: 6727891
  • 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 Present For Sale The 17 Site Cash Flowing Mobile Home Park (Including a Duplex). This Investment Opportunity Offers 11 Occupied Sites Paying a Total Gross Monthly Rent of $6,696 a Month With The Opportunity to Capitalize 6 Vacant Sites. Utilize the Acreage For Further Expansion Potential With the Development of up to 150 Total Sites on 50+ Acres, Lease the Farm Land or to Monetize The Timber on The Property.

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 65.0 %
Size: 53 acre(s)

Financial Information (Actual)

Gross Income: $80,352
Operating Expense: $23,972
Net Operating Income: $56,380
Expense Ratio: 29.8 %

Utility Information

Water Paid By: Tenant - Submetered
Sewer: Septic

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