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: New Loan
- Cap Rate: 13.0%
- Listing ID: 837823
- Posted On: Jul 27, 2017
- Updated On: Apr 16, 2018
Description
Contact agent for details. This all age community offers 51 home sites. The park has recently been upgraded including some new homes as well as many renovated homes to accommodate the residents. The park has 45 Rent-to-Own, 2 resident owned and 2 homes for sale. There are 2 vacant sites.
Location
This neighborhood setting is on W. Socrum Loop Road a few minutes drive north of I4 off of Hwy 98. The Lakeland Regional Mall is but a short drive south on Hwy 98.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 51 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $715 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $415,880 |
| Operating Expense: | $130,899 |
| Net Operating Income: | $284,981 |
| Expense Ratio: | 31.5 % |
| Debt Info: | 75% LTV, 5.5%, 25 yr amort, 5 yr call |
Lot Information
| Singlewide Lots: | 51 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 45 |
| Average Rent for Park-owned Homes: | $732 |
