NEW PARK FOR SALE: Putnam County, FL- Family Mobile Home Park - 52 sites/Waterfront Land to Expand Park

Price: $1,400,000
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NEW MOBILE HOME PARK~~FOR SALE

FAMILY MHP - 52 SITES ~~ Putnam County, Palatka, Florida

PRINCIPALS ONLY ~~REDUCED ASKING PRICE$ 1,400,000

Seller says SELL~~Increased Revenues 

BANK FINANCING AVAILABLE TO QUALIFIED BUYER with 30% Down!

This 52 rental site Park has great upside revenue potential, including 4 plus or minus waterfront acres for potential future development with county approval, good mix of long term tenants including tenant-owned homes and park-owned homes and some vacant park-owned mobile homes ready to be remodeled. Park has 36 long-term rentals, 33 Park owned mobile homes and 6 Tenant owned homes plus waterfront house now used for Office and Maintenance. Great upside rental potential with 5 vacant Park owned MH’s ready to be remodeled and 9 vacant lots ready to rent. Park features large lots, massive open-park-like lake front property. Great Investor opportunity with a seasoned Manager and Maintenance man that will remain in place. 

Opportunityto increase income by adding more homes, renting vacant mobile homes and lots,raising rents and adding Laundry in Office/Maintenance Building.

Qualitymaintained community water system and package sewage treatment systems.Electricity, water and sewer are individually metered to each site. Tenants paytheir own utilities, water and sewer bills.

12.17 plus or minus acres.

Park is generating annual revenue of over $202,000 per year.

Cap Rate – 10.2% - (with full time management and maintenance personnel included)     

(NOTE:Revenue described does NOT include potential rental income from additionalvacant mobile homes and vacant lots that are available to be rented at thistime, plus additional park-owned MH's that can be remodeled and rented whichare on site.)

OWNER will consider selling Park to qualified Buyer including Owner financing with 55% down!


Please sign & return the attached c/a agreement Palatka_MHP_CA_(Agreement).pdf  
to receive all financial information, pictures and the correct address of the park. Thank you!

 

Disclaimer: The information and (all files attached) have 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. Information contained herein is deemed reliable,however, is not warranted by Douglass E. Rhudy, his Agents or Wm. Robert Webster Inc., A Real Estate Corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice. 


Contact: Doug Rhudy