1111 US HIGHWAY 17/92 N Davenport FL 33837

This offering is a MHP that offers a little more than just a MHP. Situated on 15-acres, the park also includes 10 cottages and 3 residential homes, and enough space to expand the MHP or include a storage business.

This park includes:

· 13.5-acres MOL

· 37-Space (35 POM’s)

· 8 Cottages

· 3 residential Homes

· 3-5-Acres MOL (Expansion/Storage)

· Zoned Commercial-Industrial

2024 Financials

· 84% Occupancy

· $524,741 Gross Revenue

· $280,900 NOI

Capital Expenditures

Over the last two years, the owner has spent a lot of money on property repairs and improvements and upgrades, to include:

· MH/Cottage Renovations & Upgrades

· Well Tank Replacement

· Septic Tank Pumping

It is expected the new owner will not experience any repairs/upgrades out of the ordinary since all this work has been completed.

Seller Financing Offered to Qualified Purchaser

Seller Financing is offered to a Qualified Purchaser with the proper experience and who currently owns and operates MHP/RV parks and/or multifamily properties. Interest Rate and Terms TBD.

POF’s must accompany all offers.

Long-Term Seller Financing Offered

Combination MHP - Cottages - Residential Homes

A 51-Unit MHP located on 15-acres in Davenport, FL. Park is producing a very high income and is zoned Commercial-Industrial, promising more development options. Developer can enjoy collecting an income while getting their plans in place.

1111 Hwy 17-92 N, Davenport, FL:

• -15-acres MOL

• -41-Space (38 POM's)

• -8-Cottages

• -3 Residential Homes

• -Gross Revenue $560,000

• -NOI $448,003 (Seller NOI)

• -$364,000 (New Owners Expected NOI)

• -93% Occupied

• -Zoned Commercial-Industrial

• -Possible Outdoor Storage on 3.5-acres MOL of this site

Seller has another 26-Sp MHP Also for Sale

10.15% Cap Rate at Asking Price

3.5-Acres MOL On Site for Storage Business

Seller Financing Offered to Qualified Purchasers

Two beautiful Davenport MHP's located within 3-miles from each other. Each park is zoned Commercial-Industrial, promising more development options. Developer can enjoy collecting an income while getting their plans in place. 3.5-Acres of the property can be developed as a Storage business.

105 Clairmar Cr, Davenport, FL:

• -5-acres MOL

• -25-space (18 POM's)

• -1-Apartment

• -Gross Revenue $299,160

• -NOI $239,328 (Sellers NOI)

• $210,000 (New Owners expected NOI)

• -98% Occupied

• -Zoned Commercial-Industrial

1111 Hwy 17-92 N, Davenport, FL:

• -15-acres MOL

• -41-Space (38 POM's)

• -8-Cottages

• -3 Residential Homes

• -Gross Revenue $560,000

• -NOI $448,003 (Seller NOI)

• -$364,000 (New Owners Expected NOI)

• -93% Occupied

• -Zoned Commercial-Industrial

• -Possible Outdoor Storage on 3.5-acres MOL of this site

Price: $6.5M OBO for both parks

Seller Financing

• 50% Down Payment

• 6% Interest Only

• 5-Year Balloon

Buy one or both! Contact Benny Spensieri for further information: 813-391-1545 or benny@CRESCorpLLC.com

• Seller Financing Available to Qualified Borrower

• Long Term Tenants

• 90% Occupancy

• 20-acres Zone Commercial-Industrial

• MH Spaces plus Cottages and Single Family Home