Listed by SVN | Alliance Commercial Real Estate Advisors Ormond Beach
$1,575,000
Hillside Mobile Home Park
Details
APN 424401050024
Property Type Multifamily, Mobile Home Park
Sub Type RV Park
Units 20
Cap Rate 8.62%
NOI $137,927
Year Renovated 2021
Acreage 1.615
Multifamily | 20 Units | $69,565/unit
Marketing 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.
Listing Contacts
Listed by SVN | Alliance Commercial Real Estate Advisors Ormond Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,927.00
$11,493.92/mo
Valuation Metrics
0
DSCR
8.76%
Cap Rate
8.76%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
