$1,250,000 NEW PARK FOR SALE(SOLD): Polk County, FL- Family Mobile Home Park - 41 sites
Mobile Home Park~~FOR SALE
FAMILY MHP-41 SITES ~~ Polk County-Lake Wales, Florida
PRINCIPALS ONLY ~~ PRICE REDUCED: $ 1,250,000
SELLER FINANCING AVAILABLE TO QUALIFIED BUYER! With 50% down
This 41 rental site Park is well maintained with excellent income, plus great demand for vacant lots. Park has 31 long-term rentals including two houses long term lot rentals. Great upside rental potential with recently added doublewides included in sale and 11 upgraded lots ready to rent. Park features large lots, paved streets with massive open-park-like green areas. Ideal location near several large lakes. Investor opportunity with high rental demand for large mobile home sites and for nice mobile homes and doublewides. Park is located between Orlando and Tampa. Park is near an airport, in a rural setting, with commercial and industrial areas not far away. Great opportunities to increase income by adding more homes and raising rents. Well maintained community water system, new additional well and recently improved septic systems. Electricity is individually metered to all lots. 11.6 plus or minus acres.
Financial Summary-2017 Income
Income $ 182,700 – (annualized from current rent roll)
Expenses $ 44,304 - (operating expenses based on current data)
NOI $ 138,396
Cap Rate 11%
(NOTE: Financial Summary does NOT include rental income from 11 additional sites that are available to be rented at this time.
To receive all financial information, pictures and the correct address of the park:
PLEASE SIGN AND RETURN THE ATTACHED C/A AGREEMENT BELOW
Lake_Wales_MHP_CA_(Agreement)(1).pdf
