Mike Fry

34-unit 55 Plus Mobile Home Park

Titusville, FL (10/2012) –
Mike Fry of KW Commercial sold the Dixie Mobile Home Park located at 671 Dixie Avenue, Titusville, FL. The mobile home park consisted of 34 units mostly tenant-owned. It is a 55 plus senior park with city water and sewer. Very clean and well maintained with strong historical occupancy rates. The asking price was $690,000, and the property sold for $680,000. The contracted closed in 45 days. It was sold at at 12 cap on actual financials with seller financing.