Listed by Tucker Group Llc
$1,369,000
Okeechobee Center Street RV Park
Details
APN 1-14-37-35-0A00-00004-0000
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Pads 14
Cap Rate 10.08%
NOI $138,000
Occupancy 100%
Broker Co-Op Yes
Buildings 5
Acreage 1.680
Parking Spaces per key
Investment Type Net Lease
Ground Lease Yes
Mobile Home Park | 10.08% CAP | 14 Pads
Marketing description
RV Park located in downtown Okeechobee has 14 units contained on 1.68 acres of land. Current Net Operating Income is $138,000.00 annual. Making up the 14 units is five park-owned units and 9 tenant owned units. One of the park owned units has been recently renovated. Park is seperatly metered with two septic tanks and 24-hour accessible laundry.
Seller financing is available. 33% down, 6.5% interest rate with a 15 year amortization with a 5 year balloon. Interest only for 5 years at 7.9% interest.
Investment highlights
$138,000.00 true NOI
Seller financing available with great terms
Listing Contacts
Listed by Tucker Group Llc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,000.00
$11,500.00/mo
Valuation Metrics
0
DSCR
10.08%
Cap Rate
10.08%
ROI
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