Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 8.7%
Listing ID: 977367
Posted On: Aug 8, 2018
Updated On: Dec 30, 2021

Description

59 space RV park built in 1982; 7 on-water sites, owner's residence, office & a storage/workshop. 24 Vacant lots, most of which fill up during the "Snowbird" season in the winter time for 3 to 6 months. There are 4 Park Owned Homes including owners residence; of the 4 – two are in need of rehab or replacement.

City Water/Electric Master-Metered & Billed-Back; Septic Sewer; Propane for Gas. All the sites are 30-AMP with the exception of 2-waterfront sites and 2 of the POH sites which have 50-AMP service

Several Upside Opportunities include:
-Turning more of the seasonal to full time spots.
-Adding more dockage and charge for boat storage and/or add in a boat rental business on-site.
-Bring in some POH and/or Tiny Homes and promote vacation rentals.

Location

The park sits on the Canal base and main HWY – US 441 – that surrounds Lake Okeechobee. It is roughly a 10 minute boat ride to enter Lake O. The Park has Boat Dock and Fishing Dock with Cleaning Station and boat launch. There is waterfront parking for 6 boats. The park also has a screened in pavilion for parties, get togethers, etc… There is also a shuffleboard court, Laundry Facility with 4 washers and dryers and a men’s and women’s bath house. The streets throughout the park are asphalt.