Property details
Florida Value Add Mobile Home Park, Southeast Region
Property Description
Florida Value Add Mobile Home Park
Owner financing available
Florida mobile home community.
Located in Brevard County, Florida.
This park sits directly across from a major river.
The park is located on 2.6 acres and accommodates 20 mobile home sites plus 2 commercial buildings.
17 mobile homes are park-owned.
The income is generated from 16 mobile homes and 1 commercial building that is leased at $9,000 rental income.
The other 2 commercial sites are vacant.
The seller/manager occupies 1 mobile home and there are 2 vacant sites.
The park is serviced by public utilities: city water and sewer.
Each site is separately metered for electric, water and sewer.
All tenants are responsible for paying their own utilities.
The park pays for the trash and garbage pick-up.
The park owns the river frontage with RIPARIAN RIGHTS equal to 216 ft.
2018 Gross Income: 104,088
Operating expenses: $43,060
NOI: $61,027
MHP and RV Parks Development Sites
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Highlights
- Status:
- Available
- Price:
- $900,000
- Cap Rate:
- 6.78%
- Annual Rent:
- $43,060
Property Information
- Property Type:
- Mobile Home Parks
- Industry Type:
- Mobile Home Park
- Units/Spaces:
- 20
- 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.