Mobile Home Income
742 RIDGELINE Road 1 Satsuma, FL 32189
742 RIDGELINE Road 1, Satsuma, FL, 32189
$319,500
For Sale
$319,500
Two income-producing mobile homes on a nearly one-acre waterfront lot with a dock, boat lift, and cleaning station.
Property Size2,156 SF
Lot Size0.97 Acres
Price / SF$148.19
Days on Market705
Property Features for 742 RIDGELINE Road 1
General Information
- Standard status
- Active
- Size
- 2,156 SF
- Lot size
- 0.97 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing agency
MOMENTUM REALTY
(386) 530-1737
Listed by
LINDSEY PARHAM · License #3507832
(386) 530-1737
Source
Exitrealty
Added: Aug 16, 2024 Updated: Jul 20 at 5:56PM Checked: Jul 21 at 6:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MOMENTUM REALTY
Investment Insights
Based on property information with market context.
This mobile home income property includes two income-producing mobile homes on a .97-acre lot. Each home offers 2 bedrooms and 2 bathrooms, with space designed for everyday comfort after a day on the water. The property also features three sheds, including one shed with a full bathroom.
The waterfront setting includes a dock for fishing, a boat lift, and an on-site cleaning station. The property is adjacent to a preserve.
If you’re looking for a rental setup built around a water-oriented lifestyle, this is a straightforward, turnkey configuration with two separate homes and multiple outbuildings to support day-to-day storage needs.
The waterfront setting includes a dock for fishing, a boat lift, and an on-site cleaning station. The property is adjacent to a preserve.
If you’re looking for a rental setup built around a water-oriented lifestyle, this is a straightforward, turnkey configuration with two separate homes and multiple outbuildings to support day-to-day storage needs.
Key Highlights
- Two income‑producing mobile homes on a .97‑acre Dunn's Creek waterfront lot
- Each mobile home offers 2 bedrooms and 2 bathrooms
- Dock for fishing plus a boat lift and a cleaning station on‑site
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
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Two income-producing mobile homes on a nearly one-acre waterfront lot with a dock, boat lift, and cleaning station.
Where is this mobile home & rv park located?
The property is located at 742 RIDGELINE Road 1 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 on a .97‑acre Dunn's Creek waterfront lot; Each mobile home offers 2 bedrooms and 2 bathrooms; Dock for fishing plus a boat lift and a cleaning station on‑site
