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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.
100% Occupancy
Must Sell.
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.

For Sale: 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 avilable).

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 projected.

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.

Price: $1,950,000
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 profitable.
  # 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 it. Mobile Home Parks For Sale are offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.

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