Listed by Mihara & Associates Inc
$1,100,000
Heidt Road Mobile Home Park
Details
Property Type Mobile Home Park, Multifamily
Sub Type mobile home park
Cap Rate 11.33%
NOI $124,668
Acreage 2.380
Mobile Home Park | 11.33% CAP
Marketing description
This 12-unit, mobile home park sits on 2.38 acres in Palatka, FL and offers investors an established income-producing asset in a high-demand affordable housing market. The park operates on well water and septic, helping keep operating costs manageable. With all rentable units currently occupied, the property delivers immediate cash flow and long-term investment potential. The expansive acreage provides flexibility for future opportunities, subject to zoning and buyer verification. A compelling option for investors seeking stable returns in North Florida.
Listing Contacts
Listed by Mihara & Associates Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,668.00
$10,389.00/mo
Valuation Metrics
0
DSCR
11.33%
Cap Rate
11.33%
ROI
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