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
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 876203
- Posted On: Nov 6, 2017
- Updated On: Apr 26, 2018
Description
Seller is motivated and will consider all reasonable offers above $1.9M!!!
This park consists of 102-spaces with 45-MH Lots and 57 RV lots. The stable annual income from the MHP offers a significant hedge against the seasonal RV business. Property includes:
• Waterfront ( access to Orange Lake)
• 31-Boat Slips
• 11-acres
• 102-spaces (45-MH’s and 57-RV)
• 9-Park Models
• 5-Mobile Homes
• 3-RV’s
• City Water/WWTP
• Updated Electrical System
• MHP- 95% Occupancy
• RV-80% Occupied (annualized
• Current GR: $326,696
• Current NOI: $200,000 - $221,202 (Annualized & Reservations Inc)
Amenities
- Laundromat
- Club House
- Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 102 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $285 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $326,000 |
| Operating Expense: | $106,000 |
| Net Operating Income: | $220,000 |
| Expense Ratio: | 32.5 % |
RV Information
| Number of RV Lots: | 57 |
| Average RV Lot Rent: | $400 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $750 |
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