Palatka Mobile Home Park

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Palatka, FL 32177

Price: $1,000,000
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19 owner owned rental park. All units in great shape. 1RV rental spot. 1750 square foot block home 4/3 or 3/3 w/ office. 2 private wells with 8 septic tanks. Detached office and work shop with 12X12 storage building. 10 units built in 80s, 6 units built in 90s and 2 built in 2000
 
All buyers must sign attached Confidentiality Agreement for information and park location.
Buyer profile, letter of credit and proof of funds to close are required with letter of intent or contract offer.

Owner financing considered with minimum $ 200,000. down to qualified buyer.

No visitation of site without agents approval

Park scheduled income  $142,860
Operating expenses           40,464
 Net operating income   $ 102,300
 
Cap rate   10.233%

Disclaimer:

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

 

Contact: Bob Webster

property listing
 

Click here to inquire about this property