

Village Pines MH & RV
83-Site MH & RV Park in Inglis, FL
Marketing description
Sunstone Real Estate Advisors is pleased to offer for sale Village Pines MH & RV, a 83-site manufactured housing and RV community located at 14051 U.S. Highway 19 in Inglis, Florida. The property consists of 46 manufactured home sites and 37 RV sites, with current occupancy supported by 44 occupied MH sites and stabilized RV demand averaging 85% occupancy. Average in-place lot rents are $464 for MH sites and $467 for RV sites, both materially below competitive market averages, creating a clear path for rent growth while maintaining affordability. The community benefits from its position along the U.S. 19 corridor, providing strong visibility and convenient access to Crystal River, Dunnellon, and the greater Citrus County region.
Village Pines offers a diversified income stream across MH, RV, laundry, storage, and utility reimbursements, contributing to stable cash flow and reduced reliance on any single revenue source. Utilities are structured efficiently, with RV tenants paying for water, sewer, trash, and Wi-Fi, while MH residents are responsible for electric and other tenant-billed services. Under the Year 3 pro forma, the community is projected to generate NOI of approximately $385,000 driven by steady rent growth, stabilized operations, and a declining expense ratio.
Offered at $3,750,000, or $45,181 per site, Village Pines presents investors with an opportunity to acquire a well-located MH/RV hybrid asset at a compelling basis relative to replacement cost. With below market rents, strong regional demand, and meaningful operational upside, the community is positioned to deliver durable cash flow and long-term value creation in a supply-constrained Florida market.
Investment highlights
- Average MH lot rent of $464 and RV rent of $467, compared to market averages of $576 for MH and $689 for RV, offering substantial rent growth potential
- Balanced site mix consisting of 46 MH sites and 37 RV sites, providing diversified and resilient income streams
- Multiple ancillary income sources including laundry, storage, tenant fees, and utility reimbursements
- Projected Year 3 NOI of approximately $385,000 with cash-on-cash returns exceeding 14%, driven by rent growth and operating efficiencies
- Offered at $3,750,000, or $45,181 per site, representing an attractive entry point for a hybrid MH/RV community in a high-demand Florida corridor
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