Photo of Mobile Home Park
Photo of Mobile Home Park
main house
main house
River view
River view
Mobile Home
Mobile Home
Mobile Home
Mobile Home
Mobile Home
Mobile Home
Fishing docks
Fishing docks
Cabins
Cabins
Camper
Camper
Private boat launch
Private boat launch
Photo of Mobile Home Park
main house
River view
Mobile Home
Mobile Home
Mobile Home
Fishing docks
Cabins
Camper
Private boat launch

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 %

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

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