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
- Cap Rate: 11.5%
- Listing ID: 876220
- Posted On: Nov 7, 2017
- Updated On: May 18, 2018
Description
Okeechobee, FL - 31-sp Waterfront MHP - 11.5% Cap Rate at 50% Occupancy
Seller is asking $350K or Best Offer with a Quick Close!!! Only Cash Offers Considered!
Globe MHP
Location: 3311 & 3361 SE 33rd TER, Okeechobee, FL 34974
This park offers a waterfront community with canal access to Lake Okeechobee. There is also a leased store in the front included with this property.
30-sp/units
1-Store (Leased)
1.73-acres
No Age Restrictions
City Water/Septic
50% Occupied
Current GR: $66,645
Current NOI: $38,600
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1962 |
| Average MH Lot Rent: | $295 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $66 |
| Operating Expense: | $28,345 |
| Net Operating Income: | $38,291 |
| Expense Ratio: | 42947.0 % |
Lot Information
| Singlewide Lots: | 30 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 30 |
| Average Rent for Park-owned Homes: | $500 |
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