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Mobile Home Park Details

Purchase Method: Cash, Seller Financing
Cap Rate: 11.5%
Listing ID: 743035
Posted On: Dec 12, 2016
Updated On: Jun 1, 2017

Description

FOR SALE ::: FAMILY MH/RVPARK ::: Citrus County, Lecanto, Florida - MH/RV Park-46 sites

PRINCIPLES ONLY ~~~ ASKING PRICE ::: $875,000

SELLER FINANCING Available!!

Great location West of The Villages near the Gulf!!

46 total sites, 34 rental M/H sites, 12 long term RV sites, includes 36 occupied sites, 17 park owned models, 19 long term lot rents of tenant owned homes.

All sites have metered electricity and each tenant pays their own electricity. High demand location. Well maintained park and amenities. Great upside rental income potential with 9 vacant lots ready to rent. Opportunity for New Owner to increase income by raising rents and by adding additional MHs or RVs. Retail stores and commercial areas nearby.

Owner is ready to sell and would consider Seller financing to a qualified Buyer.

Income and Expenses - 2016 Annualized - Based on Current Revenue & Expenses
Income $137,400
Operating Expenses $35,993
NOI $101,407
Cap Rate 11.5%

Income and Expenses - 2017 Annualized - Based on Rents Effective January 2017
Income $143,400
Operating Expenses $37,000
NOI $106,400
Cap Rate 12.1%

Please sign the attached c/a agreement to receive the address and financial information on this mobile home park opportunity!

Thank you for your interest and have a great day!

Location

The address IS NOT correct. Please sign the attached c/a agreement to receive all the financial information & the correct address of the park.

Disclaimer: The information and (all files attached) have been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Douglass E. Rhudy, his Agents or Wm. Robert Webster Inc., A Real Estate Corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.

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