Waterfront Mobile Home Income
742 RIDGELINE Road Satsuma, FL 32189
742 RIDGELINE Road, Satsuma, FL, 32189
$319,500
For Sale
$319,500
MULTI_FAMILY - Satsuma, FL
Property Size2,156 SF
Lot Size0.97 Acres
Price / SF$148.19
Days on Market703
Property Features for 742 RIDGELINE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 3
- Parking features
- Assigned
- Exterior features
- Boat Lift, Dock
- Standard status
- Active
- APN
- 381127000000205440
- Size
- 2,156 SF
- Lot size
- 0.97 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 3296
Utilities
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
- Water source
- Well
- Water front
- 1
Building Details
- Year built
- 1973
- Number of units
- 2
Listing Agency
MOMENTUM REALTY
(904) 903-1558
13475 Atlantic Blvd Ste 8 Office S206, Jacksonville, FL
Listed by
LINDSEY PARHAM · License #3507832
(386) 530-1737
Added: Aug 16, 2024 Checked: Jul 19 at 7:06 am
MLS# 2042689
Listing URL
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features two income-producing mobile homes on a single parcel, each with two bedrooms and two bathrooms. The site includes a dock for fishing, a boat lift, and a fish cleaning station, supporting an outdoor, water-oriented lifestyle. Additional improvements include three sheds, one of which has a full bathroom.
Set on approximately 0.97 acres in Satsuma, Florida, the property is located along Dunn’s Creek. Remarks indicate the adjacent area includes a preserve, which can limit nearby neighbors. The combination of creek access and on-site amenities is designed to support day-to-day convenience for occupants.
For investors or buyers seeking a small residential income setup, the configuration of two separate two-bedroom, two-bath homes offers straightforward occupancy planning. The seller’s public remarks state the homes are currently generating approximately $1,500 per month. With outdoor amenities like the dock and boat lift already in place, the property may also appeal to tenants who want direct access to recreational fishing without needing off-site facilities. Please review the full details and schedule a tour to confirm condition and layout specifics for each home and accessory building.
Set on approximately 0.97 acres in Satsuma, Florida, the property is located along Dunn’s Creek. Remarks indicate the adjacent area includes a preserve, which can limit nearby neighbors. The combination of creek access and on-site amenities is designed to support day-to-day convenience for occupants.
For investors or buyers seeking a small residential income setup, the configuration of two separate two-bedroom, two-bath homes offers straightforward occupancy planning. The seller’s public remarks state the homes are currently generating approximately $1,500 per month. With outdoor amenities like the dock and boat lift already in place, the property may also appeal to tenants who want direct access to recreational fishing without needing off-site facilities. Please review the full details and schedule a tour to confirm condition and layout specifics for each home and accessory building.
Key Highlights
- Two income‑producing mobile homes generate $1,500/month, each with 2 bedrooms and 2 bathrooms
- On 0.97 acres with a dock on Dunn's Creek for fishing plus a boat lift
- Includes a cleaning station and a water source from a well
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $14.76 |
| − Vacancy | −$2.3k | −$1.06 |
| EGI | $29.5k | $13.70 |
| − OpEx | −$13.3k | −$6.16 |
| NOI | $16.2k | $7.53 |
2,156 SF · lease $14.76/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$232.0K
$203.0K – $270.7K
NOI $16,242 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$561.5K
$491.3K – $655.1K
NOI $39,304 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
FAQs
What type of property is this?
Mobile home & RV park - Two income-producing mobile homes on Dunn’s Creek with a private dock, boat lift, and utility sheds on 0.97 acres.
Where is this mobile home & rv park located?
The property is located at 742 RIDGELINE Road Satsuma, FL.
What is the asking price?
The asking price for this property is $319,500.
What are key features of this property?
This property features: Two income‑producing mobile homes generate $1,500/month, each with 2 bedrooms and 2 bathrooms; On 0.97 acres with a dock on Dunn's Creek for fishing plus a boat lift; Includes a cleaning station and a water source from a well
