Cocoa Point MHP

This is an upgrade 76 pad MHP.  New water, sewer and electric service through out the park. 24 park owned trailers, 21 pad only rents.  There are currently 29 vacant pads ready.  This property is priced at a 16% CAP rate based on current actual numbers.  Very good upside potential.  Price per pad is $15,776.  NOI is currently $179,747  Total operating expenses are $85,709.