Cocoa Point MHP
SOLD December 2012 for $925,000
450 Stowe Lane, Cocoa, Florida 32926
| Land Size | 7.08 Acres |
| Units | 76 |
| Zoning | MHP |
| Sewer | City |
| Water | City |
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.
Agent
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Office Phone: (321) 956-5006Mobile: (321) 720-5053Fax: (866) 513-1001
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.