Park entry road
Park entry road
Park entry road
Park entry road
Electric service
Electric service
Single wide
Single wide
Park model
Park model
RV model
RV model
Single wide
Single wide
Park model
Park model
Park model
Park model
New elevated septic
New elevated septic
Park entry road
Park entry road
Electric service
Single wide
Park model
RV model
Single wide
Park model
Park model
New elevated septic

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 16.0%
  • Listing ID: 685710
  • Posted On: Jul 8, 2016
  • Updated On: Dec 6, 2016

Description

Excellent Florida business opportunity for this priced to market Mobile Home/RV park only a mile from downtown Labelle and 30 minutes from Ft. Myers. Possible owner financing. All homes on-site are property of the park and included with purchase. The park has benefited from extensive investments and upgrades in last two years including; new septic systems and pumps, electric service, well pump, well house, pavilion, landscaping, and re-paved roads with new gravel areas for parking provided. Many new (used) models have been relocated to park, so there are presently 27 home-sites filled, and one vacant lot for maximum capacity of 28 homes. Water provided via clean common private well. Tenants pay electric via separate meters. All occupied homes have been remodeled in some manner, with working A/C and appliances in each. There is a small storage building on-site. Rents are considered below market rates, and any vacancies are filled immediately at higher rates. Excellent opportunity for hands-on owner operator, or for owner wishing to provide a part-time handyman to operate. OWNER CAN OFFER FINANCING. Owner says sell, so call now before the opportunity passes. DO NOT DISTURB TENANTS. CALL AGENT FOR SHOWINGS AND DETAILS.

Location

Just north of downtown Labelle. From SR 80 in Labelle, head north on SR 29 (Bridge St). Cross river, then turn left on Whidden Rd. Go west for 100 feet, then left on N Bridge St. County Line Mobile Home Park is the first two driveways on right.

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Park Information

Community Type: All Age
Number of MH Lots: 28
Total Occupancy: 89.0 %
Year Built: 1991
Average MH Lot Rent: $500
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $152
Operating Expense: $38
Net Operating Income: $114
Expense Ratio: 25.0 %
Debt Info: None

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 27
Average Rent for Park-owned Homes: $475

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