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Imperial Courts

New Port Richey, Florida

Property overview

Pasco County and New Port Richey is emerging as a thriving center for business and commerce. An excellent quality of life and a supportive environment for business and industry has helped Pasco County become one of the top 40 fastest growing counties in the United States. Pasco County is outpacing the rest of Florida in terms of new employers and employment opportunities and was recently named a “hot bed” for small business and entrepreneurial growth.

MHRE Inc. is pleased offer Imperial Courts Mobile Home Community located in New Port Richey, Florida. The community has a total of 84 sites in which 83 are occupied and resident owned homes with a site rental rate of $410/month. Imperial Mobile Home Courts is situated in Pasco County along the Nature Coast of Florida over-looking the beautiful blue-green waters of the Gulf of Mexico. The park is located in New Port Richey, Florida two blocks west of US Highway 19 which runs from south of St Petersburg to the Georgia state line. New Port Richey is 26 miles north of Tampa, Clearwater and St. Petersburg. The North Suncoast Parkway is just east of New Port Richey and facilitates driving to and from the Tampa Bay area with ease. Imperial Courts Mobile Home Community is also conveniently located for trips to Walt Disney World, Busch Gardens, Sea World, Universal Studios and Tropicana Field.

Imperial Courts
5129 Sandpiper Drive
New Port Richey, Florida 34652

For detailed information on this property please contact: Enon Winkler (407) 616-0250.

Property Summary

Total Sites84
Year Constructed1980
Land (Acres) +10.53
Occupancy97.6%
Average Rent/Site$410
PRIMARY USEMHP
PROPERTY TYPEAll Ages
STAR CLASSIFICATION2.5
WATERMunicipal
SEWERMunicipal

OFFERING SUMMARY

Community Price4,500,000
Total Investment4,500,000
Price per Site53,571
Price Occupied per Site54,217
Cap Rate - Year 1 (With Reserves)5.42%