Mobile Home Park Details
- Cap Rate: 10.1%
- Listing ID: 14052
- Posted On: Jun 28, 2010
- Updated On: Oct 12, 2010
Description
RV Park for sale. 96 permitted sites plus 16 temporary sites located in Brevard County close to Cape Canaveral. Public water and sewer. Plenty of room for storage and storage shed. Bathhouse, laundry and heated pool. Park on 12 acres with additional 8 acres could be expanded. Office with living quarters. Cable for owners residence Wifi available for park. Park provides electric and water allowance. Paved streets. Rents are $677.00 per month including tax.
Park #2
ASKING PRICE $2,300,000
RV Park
PHASE #1 85 site RV park of this 17 will be park units permanent which will be rented yearly. 3 rental park units that will be leased monthly. This park has recently been reopened. Public water and sewer are provided. One central water meter. Tenants pay all there own electric. Clubhouse, kitchen, pool storage, 25+ or – acres site all three phases. Wifi included. Walking distance from other park. Lot rent monthly $765.00 tax included. First year park has been reopened.
PHASE #2 42 RV sites not operational some utilities are in but not connected. Streets in but not paved. To finish out installation approximate cost $350,000. Approved and permitted.
PHASE #3 40 site RV no site work approved and permitted except impact fees. Approximate $400,000 to complete.
BUY ONE PARK OR BOTH PARKS
Park Information
Number of MH Lots: | 96 |
Size: | 12 acre(s) |
Financial Information
Gross Income: | $300,917 |
Operating Expense: | $443,705 |
Net Operating Income: | $187,212 |
Expense Ratio: | 147.5 % |