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