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FEATURED Mobile Home Park FOR SALE - Florida 12% CAP
12% CAP Florida Mobile Home Park For Sale in Florida
Best description of Owner: Liquidating Real Estate Estate
Motivation? Must sell or exchange immediately, Owner moving
Property located near Tampa, Florida
The underlying loan is not Assumable
NOI : about $18,000 per month
There is a total of 57 lots with mobiles on them and also 10 apartments. Out
of the 57 lots with mobiles and the 10 apartments, only 25 mobiles are tenant
owned, the rest are all park owned.
Gross income monthly is $19,000 ++.
Expenses very low.
Park is structually sound.
Tenants pay electric and water.
Park worth $2.1 million - owner will NOW SELLING FOR $1.9 million - a 12% CAP
for fast sale.
Asking Price of $4,589,000
Appraisal - Yes 2 years old in files.
Best description of Owner: Prefers to Relocate Investments
Motivation? Would like to sell
Property located in Central Florida
The underlying loan is Assumable
NOI : $504,800.00 (11.00 CAP FIRM)
55+ All Mobile Home approx. 200 spaces located on beautiful lakes in
Central Florida. The park has Highway exposure, Boat Docks and all
amenities. Rent increases becoming effective shortly.
Relocating to Arizona and will consider doing a swap for a smaller park in Arizona
(No less Than 100 spaces), or other real estate in Arizona.
The Mortgage is assumable.
Owner will look at all offers.
18.2 Acre Mobile Home Park. North Carolina. Motivated Seller, Price Reduced.
The park is still available. There is more acreage that has become available.
The addititional acreage is already zoned commercial and is a total of 28 acres.
With the already 18.2 acres that would be a total of approx. 46 acres. for
development on the interstate with a stop light. The total for the 46 acres is $5,500,000.
Just this week there was a press release that a $50 Million dollar corporate/business park was
being developed beginning in the spring of 2001. This development is across from
these parcels on I-85. This has generated an enormous amount of interest at this exit. There
already exists a 500 acre light industrial park (the demographics and additional info. are
Zoning: Currently zoned for Manufactured Housing. Based on surrounding properties being rezoned,
potential zoning is Commercial.
Value: The property was appraised November 2, 2000 at over $2,600,000 by a certified commercial
real estate appraiser (details available). Superior frontage, visibility and demographics. City
Water & Sewer at site. Frontage on a Highway 73 with High Visability .
Four outparcels with retail strip center 120,000 square feet (45,000 sq.ft.grocery) in center
Business Plan: (option 1) The mobile home park will be expanded to double its density from its
current 48 rental pads to nearly 160 pads which will nearly double its gross rents to nearly
$40,000 per month. (option 2) Rezone property to commercial and develop or sell. Tremendous equity.
Area Amenities: Adjacent to the property is a Business Park, a 500-acre light industrial park,
which includes Sysco, Pass & Seymour Plastics, Fedex and others. Also located nearby are Corp.
office & warehouses, Community College, Stanley Homes and Wesco Sign Company. McDonald's Hamburgers
just began construction beside this property. There is a mix of residential communities &
developments throughout the immediate area.
For Sale: Sales price $435,000. Small resort located in central Arkansas. Consists of a 53 , site
RV parkstore, laundromat, motel, cabins, 2bedroom house for owner/managers, and storage buildings.
This facility is ideally suited for a family run business. It is a year around facility with no
compitetion close by. Located less than 50 miles from Little Rock and close to three interstate
highways. Attractions include Hotsprings Nantional Park, Petit Jean State Park the territorial
Capitol, and the Clinton Presidental Library (opening soon).
For Sale: Mobile Home Park. Asking Price of $4,200,000.00. Best description of Owner: Liquidating
Real Estate Estate. Owner Will consider carry financing , will go as low as 20% down however, the
seller has a balloon in 4/2002 due, therefore, only through that date. Property located in Georgia.
The underlying loan is not Assumable. NOI : $ 450,000.00 . 150 Site Mobile Home Park located 30
miles from Atlanta Georgia. 58 acre total track 28 devolped. 60 parked owned mobile homes.
For Sale: About 65 spaces.
High traffic area. Located in suburb of east Dallas, TX.
Excellent exposure on highway from which it draws high RV
trade. Approx. 50,000 cars per day traffic count.
Principal business is RV on a cash basis. Major fast foods
in the near vacinity. Also suitable for service station,
mini warehouse development, car sales lot, mobile home
sales lot, chuch site, or apartment complex. Zoned for
commercial usage, although there are about 10-15 permanent
mobile homes. Additional 15 RV spaces were completed in 1996.
Long term tenants pay directly to utility companies for propane
and electric. Water & sewage is submetered through park-owned
water meters. Rents are $130/month for mobile homes, $150/month
for RV's. Overnight monthly rate is $275. Occupancy is
approx. 90%. Includes 2 mobile homes, one for on-site manager,
other converted to restroom/shower room.
The asking price is $750,000 which yields around a 10% CAP.
Owner will provide financing, long term at 8.5%, amortized
over 20 years. There would be a small balloon (I think about $75,000)
when there is a balloon on the underlying note in about 7 years.
65 spaces and grosses from $10,000 to $15,000 a month depending upon
time of year and RV traffic. It is mostly an RV park and is highly
# 1006 HAS
For Sale or Exchange: NOI : $100,000. Clean, well kept 55 space mobile home park with 10 apt's and
house in a strong rental area. House + Apt's is about 4950 sq ft. Spaces are indivually metered for
gas and elec. and apt's are submetered. City utilities. MAI appraisal of $860,000. Must be
refinanced. City: Albuquerque . State: NM . Price/Value: $860,000 ,
loan(s): $0 . $860,000 in Equity (FS)
WANTS For sale (not seeking
exchange). Ideal for Replacement (upleg) property.
# 1005 HAS
For Sale or Exchange: 31 Unit Mobil Home Park serving the Aspen,Colorado area. Severe shortage of
available housing in area, so therefore, it is always 100 % occupied. Owner has not raised rents
five years and, because of this, the rents are over $100.00 below other mobile home parks in the
marketplace. Net income would be over $100,000 for new owner. noi: $65,000. Won't last...houses go
for over a million dollars. City: Inquire . State: CO . Price/Value: $900,000 ,
loan(s): $180,000 . $720,000 in Equity (FS)
WANTS For sale (not
seeking exchange). Ideal for Replacement (upleg) property.
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Information contained herein has been obtained from owners of mobile home parks for
sale who are deemed reliable. We have no reason to doubt the accuracy, however we do not guaranty
Mobile Home Parks For Sale are offered subject to prior placement, withdrawal, cancellation, or
other conditions without prior notice.