View off-market Mobile Home Parks, Trailer Parks & Communities for Sale in
Here is a list of the off-market Florida Mobile Home Parks we currently have for sale as well as recently sold properties.
Here’s a quick overview of a small Florida mobile home park that will appeal to anyone looking for a ‘hands-off’ style mobile home park. There is upside as the lots are renting out for $70 below the market rents and given the growth of the area the likelihood that you will continue to increase this over the years is extraordinarily strong.
FEMA has this listed as an area of Minimal Flood Hazard.
Tenants own all trailers, lot rent only. Metro has growth (it is in Florida…), Walmart’s and more key attributes many investors look for when purchasing a mobile home park. This is a classic Mom and Pop operation, there are extremely limited records the owner has on expenses, P&L and so on. Owner is motivated to sell but firm on his price.
I did speak with the Executive Director of the Chamber of Commerce in the area and while they did offer the standard “we’re growing, lots of opportunity” Chamber of Commerce response, he did underscore the reminder that this is “Central Florida, no beaches, no beach type people…”. I don’t think that matters much if there are trailer owners there who pay rent!
Here are the park details:
Park cost$100,000, assignment fee of 5%
|Park Name||Lakeside Estates|
|Flood Zone||Minimal Flood Hazard|
|Metro Data||Population: 10,152 +13.2% since 2010
Unemployment Rate: 5.2%
Median Income: $30,036
Median Home Price: $114,000
|Number of MH Spaces||5 – all TOH|
|Utilities billed back or not?||Yes, water is sub metered, trash included in prop taxes, sewer included|
|How much is Lot rent?||USD $230.00|
|How many tenants are rented and paying?||5|
|Does the park allow residents of all ages?||Yes|
|When was rent increased last time and by how much?||There is one tenant at $300, others at $230, rent raised once when owner bought park by $20|
If you’d like to buy or sell off-market Florida Mobile Home Parks or mobile home parks, trailer parks and communities in the lower forty-eight, please don’t hesitate to contact us today!