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The HUB

Great Opportunity for expansion!!! Increase Income!

Listing Contacts

Active

Asking Price: $2,800,000
Earnest Money  Deposit: $10,000 min.
Address 

28313 US-27, Leesburg, FL 34748

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Date Added
Jul 15, 2022
Days on Market
1040 days
Time Since Last Update
35 days

Details

Property TypeMobile Home Park
Investment TypeValue Add
ClassA
Cap Rate9.07%
Pro-Forma Cap Rate11.79%
Occupancy60%
NOI$254,000
Pro-Forma NOI$330,000
Units41
Pads41
Year Renovated2018-2022
Buildings36
ZoningRMRP
Lot Size (acres)6.81
Parking (spaces)69
Broker Co-OpYes
Price/Pad$68,292.68
Ground LeaseNo
OwnershipLLC
IntelligenceINTELLIGENCE
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Marketing Description

41 Unit Mobile Home / RV Park.​ Gated, 55+, Mix of Park Owned Mobiles, Tenant Owned Mobiles, Investor owned Mobiles, Block Apartments, Office and Block Storage shed.​ Capability of being 69 Pads.​ Currently Well and Septic but City Water and sewer are at the curb! Park Owned units refurbished! All have minisplits, solid countertops, etc.​ On SIte Manager wants to stay! Laundry facilities, Canopied trees, Fenced Park, Dual Entrances, Waiting list on RV spots.​ (additoional RV spots need to be developed).​ NOI $254,000.​

Number of Lots 41 + 1 House (or 2 apartments) Mobile Homes 28

POH - Mobile Homes 13, TOH - Mobile Homes 15, Recreational Vehicles 13, Apartments (House) 2, Owner's RV 1.​

See Board of Health.​ 41 mobiles and 28 RV spots capable.​

Investment Highlights

Value Add

Adjacent property 7-eleven coming with public utilities

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$254,000.00
$21,166.67/mo

Valuation Metrics

0
DSCR
9.07%
Cap Rate
9.07%
ROI
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Due Diligence

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Listing Contacts


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Additional Information
Broker Name
Mitch Feinsod
Broker License
FL bk3315829
Brokerage Address
145 East Rich Avenue, DeLand, United States 32724
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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