Contact Information
Mobile Home Park Details
- Price: $200,000
- Cap Rate: 10.8% (Actual)
- Listing ID: 6800783
- Posted On: Jan 7, 2025
- Updated On: Feb 19, 2025
Description
Sands Investment Group is Pleased to Present for Sale the Ruby Ln MHP Located at 2344 Ruby Lane in Bonifay, FL. This Deal Includes 5 Park Owned Homes on 4.76 Acres. Good Starter Portfolio of Homes in a Market With High Demand For Lower Income Housing. Local HUD Office Has a Waitlist of Tenants For Homes in the Area. Realize Increased Value By Infilling Property With More Homes and Bringing Rents Closer to Market Levels.
PROPERTY HIGHLIGHTS:
• 5 Park Owned Homes on 4.76 Acres
• Property Serviced By Well & Septic
• Later Model Homes: 2022, 1990, 1992, 1994
• There is Value-Add Potential in Rent Increases
• Part of an Estate Sale; Limited Records Available
• Proforma NOI: $41,396 / 20.7%
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 5 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $30,000 |
| Operating Expense: | $8,404 |
| Net Operating Income: | $21,596 |
| Expense Ratio: | 28.0 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
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