Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 699254
- Posted On: Aug 23, 2016
- Updated On: Aug 28, 2017
Description
This is a old community that is a mixture of 38 sites for mobile homes, 2 Campers and 8 rustic cabins that are seasonal. The occupancy is 100% and the resident own there homes. This community is on septic and well There is room to expand the sites. The property has fishing docks for all homes and has 800 ft of frontage on the St Joe river. This is a seasonal community, May to Nov. A Rent increase for 2017is in place giving a increased in revenue of 9200 over 2016. The house that the owner called home can be purchased separately
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Park Information
Community Type: | All Age |
Number of MH Lots: | 38 |
Total Occupancy: | 100.0 % |
Year Built: | 1956 |
Average MH Lot Rent: | $1,175 |
Size: | 9 acre(s) |
Financial Information (Actual)
Gross Income: | $57 |
Operating Expense: | $25 |
Net Operating Income: | $32 |
Expense Ratio: | 43.9 % |
Lot Information
Singlewide Lots: | 35 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 2 |
Average RV Lot Rent: | $1,150 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 0 |
Average Rent for Park-owned Homes: | $0 |