17% Cap Rate!42 Space MH/ RV Park

Basinger, FL (Okeechobee County)

Seller Financing Available
17% Cap Rate!42 Space MH/ RV Park

Asking Price:$599,900

Gross Revenue:$139,000

Price/Sq. Ft.:N/A

NOI:$106,928

Building Sq. Ft.:N/A

FF&E:N/A

Year Built:N/A

17% Cap Rate!42 Space MH/ RV Park

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Property Description

42 total permitted spaces:28 RV/2MH sites (26 permanents) Adult side of park and 12 MH sites( 5MHpermanents/3RV permanents) on family park side. All are on septic and well. Septics are well maintained. RV's are skirted. Prime are for World Class Bass Fishing and not far from the new potential proposed Guy Harvey Lake Okeechobee Development! Over half of the 15+-acre is undeveloped as upside potential! Zoned for 120 spaces/ water capacity for another 10 RV spaces. After debt service this park currently on track to put $50,000 in your pocket. Don/t let this cash cow slip away/ call us today!
The lake public access just a few miles down the road!!!!
Okeechobee Music and Arts Festival draws 30,000
visitors annual event. March 4-6th .

Detailed Information

Type:
Multi-Family
Building Status:
Established
Facilities:
Mobile Home / RV Park: Adult side & Family park side. Majority of mobile homes are owned by tenants, some of which are owner financed by owner of park providing additional income other than lot rent. There is a growing demand for parks as rents across the nation are rising / so are incomes to the investor.
Current Property Expenses:
Park manager in place so easy to explain the business to new owner.
Location Description:
Lake Okeechobee is famous for it's world class bass fishing promoted by Roland Martin and now Guy Harvey who is trying to put a resort in on the lake. Buy now before this area is discovered by even more investors and the opportunity to get in at such great cap rate is gone.
Current and Prior Use:
Mobile Home & RV Park
Business Website:
http://advantagehighlands.com

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Greg Karlson

Property Listed By:
Greg Karlson

Advantage Realty #1

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