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
House Interior
House Interior
House Interior
House Interior
House Interior
House Interior
House Interior
House Interior
Doublewide Interior
Doublewide Interior
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
House Interior
House Interior
House Interior
House Interior
Doublewide Interior

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.3%
  • Listing ID: 876218
  • Posted On: Nov 7, 2017
  • Updated On: Feb 18, 2018

Description

The Lakeland Court park is located close to the Lakeland Mall with all the shopping and restaurants nearby. This magnificent park consists of:

2 Block Homes
2 Duplexes
23-spaces/MH Units
75% Occupied
GR = $171,756
NOI = $133,157

The owners are using a rent ready Doublewide that can be leased for $850/mo. Also, they have completely refurnished a vacant unit from one of the duplexes that will capture $950. Just these two rentals will bring in $21,600/an gross revenue.

Price: $1,200,000

Sellers may consider offering Seller Financing to a Qualified Purchaser.
.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 75.0 %
Average MH Lot Rent: $600
Size: 3 acre(s)

Financial Information

Gross Income: $171
Operating Expense: $37
Net Operating Income: $133
Expense Ratio: 21.6 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 19
Average Rent for Park-owned Homes: $600

Other Listings by Benny Spensieri

Similar Mobile Home Parks for Sale