Property details

Florida Off-Market Mobile Home Park For Sale, Southeast Region

Property Description

Located in an Income Tax Free State!     

Florida Off-Market Mobile Home Park For Sale

This is an off-market, confidential, controlled and deliverable property. 57 unit mobile home park located in the heart of Central Florida

Includes 42 park owned models

31 units purchased and installed since 2007

Park-owned unit occupancy is currently 97.5%

Long term tenants

12 new ready-for-rental lots have been added to the site in the past two years.

City water and sewer.

Well managed and maintained

Attractive current investment yields

Lease-up of vacant sites provides a substantial value-add opportunity

Great opportunity and easy to manage for first time investor or absentee owner

Park-Owned Model Detail
The park-owned models are wood frame units with asphalt shingle roofs, vinyl lap sliding and vinyl skirting.

Windows are double hung vinyl aluminum.

Interior walls and ceilings are drywall.

Interior floor plan of the units include one bedroom, a bath, kitchen, and living/dining areas.

The units are 10-12 food wide and range in length between 32 and 35 feet.

The typical unit is approx. 385 SF of area with a 70 SF covered front porch.

Each home has central electric heating and air conditioning and is individually metered for electricity.

Home sites range in width between 20 and 30 feet and are at least 40 feet in depth

This Mobile Home Park is a 57 unit manufactured home subdivision with 42 permanently installed park-owned homes. 34 of the existing homes have been installed since 2007. Three of those units were purchased within the past two years. The park has been recently improved with 12 new home sites ready for additional units and tenants. Three tenants own their own homes and rent home-sites from the park. The park has outstanding occupancy with only one present vacancy among the park owned homes.

This Mobile Home Park provides an investor with an outstanding opportunity to obtain a well-manicured and maintained tree shaded community with a strong rent roll and minimal vacancy. The recently installed 12 vacant home sites provide great upside rental income potential to enhance the currently attractive financial results and cap rate.



Mobile Home Parks For Sale



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Highlights

Status:
Available
Price:
$1,874,000
Cap Rate:
8.76%
Annual Rent:
$174,437
 

Property Information

Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Units/Spaces:
57
Land Area:
2.23 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.