NEW PARK FOR SALE ~ MARION COUNTY FLORIDA MH PARK ~ 20 SITES

Price: $650,000
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NEW FAMILY MH PARK for SALE ~ Marion County ~ 20 SITES
REDUCED PRICE ~ OWNER READY TO SELL ~ MORE HOMES ADDED and RENTED

PRINCIPALS ONLY ~GREAT LOCATION IN CENTRAL FLORIDA ~ NEW HOMES NOW RENTED
OWNER SAYS "SELL" ~ BANK FINANCING IS AVAILABLE WITH 25% to 30%DOWN 
REDUCED ASKING PRICE ~ $675,000
COMMERCIAL ZONING in PLACE ~ City Water & Sewer Available and Adjacent to Park

PLEASE sign the attached c/a agreement (before the disclaimer) to receive the address & financial information.

Great upside income potential with new additional opportunities. On site part-time Manager. Front portion of property already Commercially Zoned and in good location to re-market part or all of property for Future Commercial Development, Possible Storage Facility or Retail use. Family park with long-term renters. High demand location. All 20 sites have wells, septic tanks and electric meters in place. New Owner can immediately increase revenue by Renting the 2 (Two) Vacant (Previously Occupied) Homes now being re-modeled. Also, by raising rents, renting remaining vacant lots, and by bringing in additional MH's to rent and or sell. Established High Demand park with regularly inspected wells and septic systems. Popular cities, airport, interstate, stores and commercial areas nearby.

All sites have electric, water & sewer. Sale includes 16 remodeled park owned homes, and 4 vacant sites that are ready to rent. Owner is ready to sell, and the Part-Time Manager and Part-Time Maintenance Man will stay on for New Owner. Bank Financing is available to qualified Buyer.

2018 Revenue and Expenses
From Current Rent Roll and Current Expenses
Annualized Revenue $109,200 (From Current Actual Rent Roll)
Annual Operating Expenses   $26,640 (Annualized from actual 2018 YTD P&L)
NOI  $82,560
Cap Rate $12.2%
Annualized August Revenue $117,000 (Estimated)
2017 Revenue $89,742 (From Tax Return)
2016 Revenue $84,927 (From Tax Return)

 

 Marion-County, FL MHP (CA Agreement).pdf

 

Disclaimer: The information and (all files attached) have been obtained from the Seller and 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 Doug E. Rhudy, his Agents, Webster Properties, or Wm. Robert WebsterInc., A Real Estate Corporation.  All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without furthernotice.

 


Contact: Doug Rhudy