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
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
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: 8.5%
  • Listing ID: 970728
  • Posted On: Jul 19, 2018
  • Updated On: Jan 7, 2019

Description

This park consists of 102-spaces that includes both MHP and RV spaces. The Seller of the property does not have the time to continue running the park and is selling it at only $19K-$20Kper space to a qualified purchaser!

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
60% Occupied
Current GR: $307,524(Annualized 2018)
Current NOI:$173,000- $221,202 (Annualized 2018)

Asking Price: $2,100,000 OBO - POF's must accompany all offers!

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

Park Information

Community Type: 55 And Over
Number of MH Lots: 102
Total Occupancy: 60.0 %
Year Built: 1967
Size: 10 acre(s)

Financial Information (Pro Forma)

Gross Income: $316,827
Operating Expense: $112,335
Net Operating Income: $209,492
Expense Ratio: 35.5 %

RV Information

Number of RV Lots: 57
Average RV Lot Rent: $360

Utility Information

Water: City
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 17
Average Rent for Park-owned Homes: $750

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