Property details

Portfolio of 3 Florida Small Mobile Home Parks, Southeast Region

Property Description

Located in an Income Tax Free State!     

Portfolio of 3 Florida Small Mobile Home Parks

Three Polk County, FL Mobile Home Parks

Two of the parks are close to each other and within a 5-minute drive of a major Mall

The other park is located 15 minutes away and is immediately adjacent to a Credit Union

All 3 are owned by one owner.

Being sold as one 3-property portfolio

Cap Rate shown is based on 2018 projected NOI.

Park 1:

Mobile Home Park

Land Size: approx 4.75 acres

Units: 22 total current rentals, including 4 small houses, 1 of which is a duplex, with the ability to add 2 more trailers

Utilities: Water and Septic

Zoning: PUD Single Family

Taxes: $5,416.15 (Total)

Traffic Count: 96,000 cars/day on I-4

2018 Projected Net Operating Income: $113,358

Price: $695,000

Park 2:

Mobile Home and RV Park

Land Size: approx. 3.25 acres

Units: 30 units, 14 blanks, 1 house and a maintenance shop, 1 laundry facility: generates an avg. $250/mo

Utilities: Water and Sewer

Zoning: PUD Mobile Home

Taxes: $12,494.54

Traffic Count: 13,600 cars/day

2018 Projected Net Operating Income: $144,969

Price: $1,210,000

Park 3:

Mobile Home and RV Park

Land Size: 2.04 acres

Units: 16 total units, 3 blanks and 1 house along with a 3 unit strip center covering 2.04 +/- acres

Property Use: Mobile Home and RV Parks

Utilities: Water and Sewer

Zoning: Light Industrial - Limited Commercial District (I-1)

Taxes: $7,930.79

Traffic Count: 16,600 cars/day on New Tampa Hwy

2018 Projected Net Operating Income: $94,788

Price: $995,000



Mobile Home Parks For Sale



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Highlights

Status:
Available
Price:
$2,900,000
Cap Rate:
12.18%
Annual Rent:
$353,115
 

Property Information

Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Units/Spaces:
91
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.