FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
Listed by FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
$799,000
375827 KINGS FERRY Road
Details
Property Type Multifamily, Land
Sub Type Apartment Building, Single Family Rental Portfolio
Units 12
Year Built 2007
Buildings 7
Stories 1
Lot Size (SqFt) 378,100.8
Parking Spaces 40
Multifamily | 12 Units
Marketing description
Discover a premier 8+acre RV park+Mobile Home property in Hilliard offering a robust turnkey income stream &versatile living options! The fully occupied 11-site RV park generates $5,300 / month in rent & $3,500/month in free cash flow ($42,000 annual), with pro forma annual cash flow of approximately $50,000, driven by market rent increases currently in process. Valued at an 8% cap rate, the RV park alone is worth approximately $625,000, reflecting its reliable income stream and stable long-term tenant base. The property also includes a spacious 4-bedroom, 3-bathroom mobile home (built 2007), with a current market value of $275,000 - $300,000 based on recent comps, ideal for owner-occupancy or additional free cash flow of $1,700-$2,000 / month.
Zoned Open Rural, the property operates on an artisanal well and septic system, with electricity and garbage disposal as the only utility costs, minimizing expenses and boosting profitability. Located just 30 minutes from Jacksonville.
Listing Contacts
FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
Listed by FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
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