Property details

Value Add Florida RV / Mobile Home Park, Southeast Region

Property Description

Value Add Florida RV / Mobile Home Park

RV Mobile Home Park located in Located in Southwest Florida.

This is an Off market Commercial / RV/MH park.

This particular park is unique in the way that it offers commercial revenue income, as well as RV and Mobile Home unit income.

The seller will consider in house financing for a qualified purchaser.

If interest, we encourage buyers to move forward swiftly because in our opinion this park won't be available for long.

Located on a historic boulevard.

Surrounded by the beauty of white sand beaches, a golf course, sport fishing and forever blue skies.

Located on 5.6 acres and contains close to 60 sites.

The sites will accommodate RV and mobile home units.

Currently there are 19 RV units and 9 park-owned mobile home units renting lots.

There is an additional 5 park owned mobile home units that are uninhabitable and must be removed from the park.

All sites are separately metered for public utilities and equipped with either 30, 50 or 100 amp electric.

This is a seasonal park that operates at 100% capacity during the months of November thru May.

Seasonal rental rates vary between $900 - $1,1

00 per month for RV units.

The mobile home lot rent is $650 per month.

This park has a commercial site which consists of a 15,000 square foot two-story building.

There are three, two bedroom one and one half bath apartments on the second level and three commercial vacant spaces on the ground floor.

One of the three apartments is rented, the remaining two vacant apartments need painting and new appliances installed before they can be rented out.

One of the three lower level commercial units is being used as the management office.

The remaining two should be converted back into a laundry facility.

The infrastructure is already installed.

The electric, water, sewer and trach are provided by the City.

Tenants pay their own electric and the park bills them for water/sewer and trach.

Utility and street easements are present with smooth flowing ingress and egress. No adverse easements or encroachments are known.

There is tremendous upside value add with this park. The current comps in the area will support between $800 / $900 per month for a 2bd/1.5 bath apartment. The commercial spaces are approx. $1,000 / $1,200 per month.

Seller financing is available and the seller will consider any reasonable offer.



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Highlights

Status:
Available
Price:
$4,250,000
Cap Rate:
6.61%
 

Property Information

Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Units/Spaces:
60
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.