Turnkey MHP
*** ********* ***, ********, FL
13.43% return
SP:
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Mobile Homes
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Property Description

Awesome mobile home park on 31+ acres! Completely turnkey. Reliable and honest on-site manager who handles maintenance, collections, showings and more. Total of 11 units. One single family with a brand new roof and 10 mobile homes. No deferred maintenance needed. New well and new septic pump. Separate electric meters. No issues whatsoever. High returns on investment. New tenant moving in at $575/month. Potential to increase rents!!! Hold this park as it increases in value while generating a 13-14%+ cap rate. Very nice and quiet park with long term, employed tenants. Beautiful pond in the middle of the property. Do not miss out on this amazing opportunity.

Property Information

  • Listing statusSold
  • Property typeMulti Family (2 properties)
  • Total units11
  • Total bedrooms24
  • Total bathrooms17.5
  • Building size12836 sq. ft.
  • Lot size31.8 acres
  • Year built1979 - 1986
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofMetal
  • Water sourceWell
  • Water disposalSeptic
  • HeatingCentral, Window Unit, Wall unit
  • CoolingCentral air, Wall A/C

Property Financial Summary

  • Sale price$349,900
  • Estimated rehab1$0
  • Total investment$349,900
  • TypeProforma
  • Gross income (annually)$70,140
  • Operating expenses (annually)$23,134
  • Net income (annually)$47,006
  • Gross return20.05%
  • Gross income (monthly)$5,845
  • Operating expenses (monthly)$1,928
  • Net income (monthly)$3,917
  • Net return13.43%

Property Income & Expenses

  • Income
  • *** ********* ***, Mobile Home
  • Unit 616: 2 bed / 1 bath$500/month$6,000/year
  • Unit 617: 2 bed / 2 bath$500/month$6,000/year
  • Unit 618: 2 bed / 1 bath$500/month$6,000/year
  • Unit 619: 2 bed / 2 bath$485/month$5,820/year
  • Unit 620: 2 bed / 1 bath$485/month$5,820/year
  • Unit 621: 3 bed / 1.5 bath$575/month$6,900/year
  • Unit 650: 2 bed / 2 bath$475/month$5,700/year
  • Unit 642a: 2 bed / 2 bath$450/month$5,400/year
  • Unit 642b: 2 bed / 2 bath$500/month$6,000/year
  • Unit 642c: 2 bed / 1 bath$475/month$5,700/year
  • *** ********* ***, Single Family
  • Unit 642: 3 bed / 2 bath$900/month$10,800/year
  • Total$5,845/month$70,140/year
  • Expenses
  • Electric bill$80/month$960/year
  • Waste Collection$106/month$1,272/year
  • State Licensing$21/month$255/year
  • Insurance$449/month$5,383/year
  • Property Taxes$205/month$2,464/year
  • Maintenance reserve$167/month$2,000/year
  • Property Management$900/month$10,800/year
  • Total$1,928/month$23,134/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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