NEW PARK FOR SALE: Lakeland, FL - MHP - 30 sites

SOLD!
Price: $385,000
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PRINCIPALS ONLY & a CASH ONLY sale!!!

ASKING PRICE IS: $385,000

Family MHP, 30 sites and all park owned units on 7+ or minus acres. Park has public water and septic tanks. Currently 23 sites are rented with 4 vacant units and 3 vacant sites. Average rentals are $ 450.00 per month. Park is 25 + years old and needs some TLC…..

2012 Gross income @ 23 sites rented $124,000
Expenses $ 53,800
NOI $ 70,400
Cap Rate 18.28%

OWNER will consider financing with 35% down, a 5 year balloon at 6% interest amortized over 20 years!

Disclaimer: The information 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. Information contained herein is deemed reliable, however, is not warranted by Bob Webster 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.