Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.4%
- Listing ID: 800545
- Posted On: Apr 5, 2017
- Updated On: Sep 4, 2018
Description
Rare opportunity in the heart of Greater Jacksonville MSA. 25 pad park w/ 25 rentable homes on-site consisting of (23) Mobile Homes, (2) new 1br 5th Wheels.. All Park Owned. Dependable tenants on 12 month leases with deposits. Current Month Gross Rent was $12,155 in March 2017 with two rent-ready vacancies. Community/Public Water System (on-site), municipal sewer. Seller will hold financing with a 50% down payment.
Location
Located on Jacksonville's Westside in Ortega Farms.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1973 |
| Average MH Lot Rent: | $525 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $158,160 |
| Operating Expense: | $71,222 |
| Net Operating Income: | $74,637 |
| Expense Ratio: | 45.0 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
