Mobile Home Park Details
- Cap Rate: 12.0%
- Listing ID: 12619
- Posted On: Jun 2, 2010
- Updated On: Oct 12, 2010
Description
Owner Financing available to approved buyer. Must have 200K down payment, 7% interest rate, 2 year balloon.
This 79 space park located near the distribution centers in Lakeland, FL is only about 2 miles from downtown Lakeland. Park has a clubhouse, laundry room, and office. Nice property with approx 9 acres of mature trees and 2 acres of undeveloped land. Park has city water and sewer. Lots of upside for a owner/manager to increase the Cap Rate. Priced to sell quick for this size park.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Number of MH Lots: | 79 |
Year Built: | 1970 |
Average MH Lot Rent: | $281 |
Park-Owned Homes
Number of Park-owned Homes: | 36 |
Average Rent for Park-owned Homes: | $500 |