Hillside Mobile Home Park
Multifamily | 20 Units | $69,565/unit
Listing Contacts
License: SL3451680
Active
Asking Price: $1,600,000
Address
1247 LPGA Blvd, Daytona Beach, FL 32117
Show on MapDate Added
Nov 5, 2024
Days on Market
191 days
Time Since Last Update
84 days
Details
INTELLIGENCEMarketing Description
Stabilized/Turn-Key manufactured home community. Infrastructure renovated in
2021 and rents stabilized.
Asking price is $69,565/unit and 8.62% Cap Rate.
Property serviced by city water and on-site septic.
High Demand area for affordable housing in a small, quiet community with easy
access to World Famous Daytona Beach & I-95.
Investment Highlights
- Property includes 20 manufactured home pad rentals (1 park-owned home)
- and 3 single family home rentals (1 home fully renovated 2022).
- 3 Single Family Homes, 12 Tenant Owned Manufactured Homes, 7 Tenant
- Owned RV Homes, 1 Park Owned Manufactured Home.
- Local property management currently in place.
- All tenants are current on rent.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,927.00
$11,493.92/mo
Valuation Metrics
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0
DSCR
8.62%
Cap Rate
8.62%
ROI
Due Diligence
Listing Contacts
- License: SL3451680
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