Mobile Home Park Details
- Cap Rate: 9.3%
- Listing ID: 12615
- Posted On: Jun 2, 2010
- Updated On: Oct 12, 2010
Description
The Mobile Home Park is the only park in Lake Wales and is connected to City utilities. There is tremendous growth in the Lake Wales area and there is substantial potential to increase the rents. There are 46 rental spaces on two acres of land. The rents range from $185 to $350 per month.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 46 |
| Total Occupancy: | 80.0 % |
| Average MH Lot Rent: | $185 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $127,968 |
| Operating Expense: | $58,044 |
| Net Operating Income: | $69,924 |
| Expense Ratio: | 45.4 % |