Osteen St. Jacksonville, FL 32210
For More Information
This “mobile home park” constitutes 11 separate lots, each with one mobile home on it. So 11 mobile homes. All park-owned. Just bought a newer home in the process of being installed.
Certificate of Occupancy to be obtained imminently.
Average rent is about $500/month per home.
One of the home was completely rehabbed. But they are older homes, so maintenance expected.
With a GOOD manager, this property can bring in $50k NOI easily.
Number of MH Lots: 11
Total Occupancy: 50%
Average MH Lot Rent: $400
Financial Information (Pro Forma)
Gross Income: $66,000
Operating Expense: $10,600
Net Operating Income: $55,400
Expense Ration: 16,1%