Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.4%
  • Listing ID: 686325
  • Posted On: Jul 11, 2016
  • Updated On: Jul 16, 2017

Description

NO OWNER FINANCING. Nice shady park with 14 homes and 1 vacant lot. This is a very easily maintained mobile home park as THERE IS ALMOST NO MAINTENANCE. Older lot leases are $300 per month; this year we changed the lot lease to $325 per month for all new leases. Residents do their own yard work. 2 homes are owned by the park & can either be sold or rented. The other 12 homes are either owned outright by residents or are being sold on a lease/purchase plan. The 15th lot is empty and a home can be brought in or it can be rented to a resident who would bring in their own home. This lot is a new lot with a new septic system and a new 200 amp. power pole. Leases are in place on all homes. Park has it's own water supply that has been completely redone 3 1/2 years ago. All homes have their own electric meters. All homes except one have been cleaned, painted, skirted, new windows & doors installed where needed, new platforms & steps, new heat/air units, appliances, new decks & porches & landscaping. Everything is up to code. Rules & regulations are in place. A gas powered pressure washer will stay with the park. There is a large inventory of supplies that will stay with the park. The owner/operators live in the park & their home could be either sold or rented or a new owner could live there. PLEASE CALL BETWEEN 5 & 8 PM EST. 386-643-7528 WE DO NOT RETURN MESSAGES LEFT AT ANY OTHER TIME.

Location

The park is conveniently located in the city within walking distance to almost everything including the mall. The pier & boat ramp to the St. Johns River are within 2 miles. The park is in a mid-size city less than 30 miles west of St.Augustine & the Atlantic Ocean. It is about a half hour drive to the beach.

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Park Information

Community Type: 55 And Over
Number of MH Lots: 15
Total Occupancy: 87.0 %
Average MH Lot Rent: $300
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $54,700
Operating Expense: $4,700
Net Operating Income: $51,000
Expense Ratio: 8.6 %
Debt Info: none

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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