Property details

Florida Mobile Home Park and Apartments, Southeast Region

Property Description

Florida Mobile Home Park and Apartments

Update: Motivated seller who is willing to consider any reasonable offer and will agree to hold a PMM on this park.

Located in Broward County, FL

A portion is River Frontage

Total Sites: 25

MH Units: 24

Park-owned mobiles: 4

MH Tenant Owned: 20

Vacant Site: 1

Cottage Apts.: 6 (total of 11 rental apartments)

This park is serviced by city water and sewer.

Value Add upside projection for 2019: Each rental lot will be increased by $25/mo. Additional revenue of #10,200 each year.

2017 Gross Rental Income (includes Laundry Room income): $177,596

2017 Operating Expenses: 65,472

Net Operating Income: $112,125

Cap Rate: 7.12%

The owner manages the park and lives off site. With an offsite manager, the $34,000/year management fee would be considerably less.

With an onsite manager, typically the salary is approx. $1,, plus free lot rent. The loss of revenue on that lot would be $3,900/year.

Utilities include: Common area electric, LP Gas and water for all apartment units.

The park sits directly across from a River with beaches along its east and west banks. The river is the perfect habitat for fresh water springs, fish, oysters and wildlife.

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Cap Rate:
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Property Information

Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Land Area:
3.38 acres
Purchase Tenure:
Fee Simple

Existing financing information


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.