Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.3%
- Listing ID: 876064
- Posted On: Nov 6, 2017
- Updated On: May 11, 2018
Description
56 spaces, 43 units in place. 42 units are rent ready 1 need rehab, 13 spaces ready for units, Most Infrastructure in place for remaining units. All units are Park owned. . Average rent is $550.City water individually metered, Newer Septic system, 97% occupancy rate. 1 Storage unit for equipment, 1 Shop/office, 1 Steel Container to store Materials, Golf Cart, All Hand tools and lawn equipment included, Also a 2011 Ford Ranger.
Management in place, willing to stay on with new owner.
MONTHLY EXPENSES:
Management $1300.
Maint Person $1400.
Electric $200.
Septic $500
Trash $600.
Prop. Taxes $1,200.
Insurance $400.
Material. $1,000.
TOTAL $6,600.00
Best deal on the Market! Call 727 389 3082
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 56 |
Total Occupancy: | 97.0 % |
Year Built: | 1982 |
Average MH Lot Rent: | $550 |
Size: | 6 acre(s) |
Financial Information (Actual)
Gross Income: | $238,800 |
Operating Expense: | $84,000 |
Net Operating Income: | $154,000 |
Expense Ratio: | 35.2 % |
Lot Information
Singlewide Lots: | 56 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Septic |