NEW PARK FOR SALE ~ PALM BEACH COUNTY FLORIDA MH PARK ~ 50 SITES

Price: $1,800,000
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Multifamily Property for Sale –Principals Only 

Palm Beach County Mobile Home Park – All Lot RentsOnly 

City Water & Sewer – Paved Streets

Price: $1,800,000

Number of Spaces:

50 Lot Rental Sites– Tenant Owned Mobile Homes Lot Rents Only

Plus: 1 House – 1 Travel Trailer – 2 Apartments

City Water andSewer - All sites have metered Electricity & City Water.

Great upside potential for additional income from: Renting Vacant Sites, Storage Building, Shop, Parking Space and potential to increase Lot Rents.

On site coin operated Laundry Facility. 

Lot Rents Only.

MH’s are owned and maintained by Tenants, resulting in lower Park Maintenance and Expenses.

Property Type: Multifamily

Property Use Type: MH Lot Rentals Only.

Investment Property.

Cap Rate: 10.2%

Lot Size: 4.38 Acres (Plus or Minus)

Description

FAMILY MH Park –Lot Rents Only – High Demand Location – Very Low Vacancies

Palm Beach County, Florida

PRINCIPLES ONLY – Great Location in South Florida

Upside rental income potential. Family Park with long-term renters that own and maintain their own homes. All sites have city water and city sewer with individually metered electric and water/sewer.

New Owner can increase income by raising rents and renting vacant lots.

Quaint cities, Quiet Rural Community and retail and commercial areas nearby.

Owner is ready to sell, retire and travel.

The Address Listed is NOT Correct.

Please fill in all the Blue Boxes on the attached C/A Agreement, sign, initial and return the Attached C/A Agreement to receive financial information, photos and the correct address.

Thank you,

Doug Rhudy, Broker


Rent Roll March 2018 - $18,580/Month

Laundry Revenue - $600/Month

Income and Expenses – Annualized Pro-Forma

Annual Revenue $230,160

Cap Rate 10.2%



 





Disclaimer: The information herein and (all files attached) have been obtained from the Seller and other 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 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