Contact Information
Kevin Stipe
Mobile Home Park Details
- Price: $1,100,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.5% (Actual)
- Listing ID: 6859238
- Posted On: Apr 1, 2025
- Updated On: Apr 1, 2025
Description
The property at 20312 Old Somerset Acres Lane is a 13-unit mobile home park located in the rapidly growing market of Spring Hill, FL. This investment opportunity offers a stable cash flow and the potential for value-add improvements, making it an attractive option for both seasoned and first-time investors in the mobile home park sector.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $1,100 |
Financial Information (Actual)
| Gross Income: | $166,800 |
| Operating Expense: | $51,236 |
| Net Operating Income: | $115,564 |
| Expense Ratio: | 30.7 % |
| Debt Info: | N/A |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Download Documents
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