NEW PARK FOR SALE: Citrus County, Florida Senior MHP

SOLD!
Price: $1,950,000
Share on Facebook
NEW PARK FOR SALE: Citrus County-Florida

Principals Only ~~~~ NEW asking price $1,950,000

Senior Mobile Home Park in Citrus County Florida

91 sites Senior Park on 26 + acres, room for expansion and plenty of up- side.

Park has 68 rental sites currently and 23 more sites ready to fill. Owner has impact fees paid for 21 sites and sewer and water is set-up for vacant sites. Additional 63 sites to extend mobile home park plus 2.30 acres commercial corner.

Private water and sewer. Paved roads. Public water and sewer close by. Park with in close drive of hospital and VA clinic. The Lot rental is currently $245.00 for 64 sites and $260.00 for 4 sites. Rents are on the low side. Rent increase go from $270 to $285 on 11/01/2013.

Vacant ground could expand park or sell off. County property surrounds park.

Park has Updated 2013 prospectus in place. Existing billboard on site transfers with property. Plenty of room for storage.

2012 Income and Expenses  
Gross Income $ 190,615
Expenses          $ 64,162
NOI               $ 126,453

2013 Income and Expenses with new rent increase 11/01/2013

Gross Income $ 230,103

Expenses        $  64,162

NOI               $ 165,941 

NEW Asking price ~~~ $ 1,950,000

Owner would consider financing with 1 million down.

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 advisor's. You and your advisor's 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.