Mobile Home Park Details
- Cap Rate: 8.2%
- Listing ID: 14048
- Posted On: Jun 28, 2010
- Updated On: Oct 12, 2010
Description
Florida Mobile Home Park management Association for 540 space Senior Park in Lee County. The unique opportunity to own the club house and common areas of a resident owned manufactured home community. There are almost 550 total homes between two contiguous parks and maintenance fees are in the $80 fee and rise by CPI every year. Little or no vacancy and collection issues. You own the pool, clubhouse, shuffle board court and common area and are responsible for mowing of these as well as trash pickup, maintaining roads and providing street lighting. Basically fixed expenses with rising income.
Amenities
- Storage
- Pool
- Club House
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Park Information
Community Type: | 55 And Over |
Number of MH Lots: | 540 |
Financial Information
Gross Income: | $543,313 |
Operating Expense: | $200,101 |
Net Operating Income: | $334,213 |
Expense Ratio: | 36.8 % |