Cocoa Point MHP

  SOLD December 2012 for $925,000

450 Stowe Lane, Cocoa, Florida 32926


Land Size7.08 Acres
Units76
ZoningMHP
SewerCity
WaterCity

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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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