Turnkey Mobile Home
4920 E PARSONS POINT Road Hernando, FL 34442
4920 E PARSONS POINT Road, Hernando, FL, 34442
$1,160,000
For Sale
$1,160,000
Turnkey mobile home park with 13 lots, 8 occupied, and site utilities including private well and individual electric meters.
Property Size5,668 SF
Price / SF$204.66
Days on Market466
Property Features for 4920 E PARSONS POINT Road
General Information
- Standard status
- Active
- Size
- 5,668 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1973
Listing agency
Tropic Shores Realty
(786) 985-8856
Listed by
Shuli Mishali · License #3388878
(786) 985-8856
Source
Xome
Added: Apr 13, 2025 Updated: Jul 21 at 3:34PM Checked: Jul 21 at 3:34PM
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 Tropic Shores Realty
Investment Insights
Based on property information with market context.
Bobby B’s Mobile Home Park is a turnkey, fully park-owned manufactured housing community with 13 total lots (possibly more). Currently, 8 units are occupied, and 1 additional unit is ready to be placed. Several homes include recent upgrades such as vinyl flooring, newer appliances, granite or Formica countertops, washers and dryers, instant hot water heaters, and covered porches with inside laundry setups.
On-site infrastructure includes a private well with a new filter system installed in 2023, septic service via 5 septic tanks supporting 9 homes, individual electric meters, paved roads, and individual trash setup. The park is DBPR licensed, with water reports available, and it lies in Flood Zone X. The property also includes 4–5 vacant pads, with potential for RV expansion, and the site has mature fruit trees that add seasonal shade and harvest.
For manufactured housing, the property is described as zoned for manufactured housing (buyer to verify). The community is centrally located in Florida’s Nature Coast, with access to lakes, rivers, and Gulf Coast recreation, and convenient drive access toward Ocala, Tampa, and Orlando.
On-site infrastructure includes a private well with a new filter system installed in 2023, septic service via 5 septic tanks supporting 9 homes, individual electric meters, paved roads, and individual trash setup. The park is DBPR licensed, with water reports available, and it lies in Flood Zone X. The property also includes 4–5 vacant pads, with potential for RV expansion, and the site has mature fruit trees that add seasonal shade and harvest.
For manufactured housing, the property is described as zoned for manufactured housing (buyer to verify). The community is centrally located in Florida’s Nature Coast, with access to lakes, rivers, and Gulf Coast recreation, and convenient drive access toward Ocala, Tampa, and Orlando.
Key Highlights
- Park‑owned mobile home park with 13 total lots (8 occupied) plus 4–5 vacant pads.
- Gross monthly income approx. $7,300 with stated room to increase across all units.
- Site utilities include private well with new filter system (2023), 5 septic tanks servicing 9 homes, and individual electric meters.
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 | $91.8k | $16.20 |
| − Vacancy | −$5.5k | −$0.97 |
| EGI | $86.3k | $15.23 |
| − OpEx | −$38.8k | −$6.85 |
| NOI | $47.5k | $8.38 |
5,668 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$678.2K
$593.4K – $791.2K
NOI $47,472 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.49M
NOI $89,151 @ 7.0% cap · market cap 7.69%
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 - Turnkey mobile home park with 13 lots, 8 occupied, and site utilities including private well and individual electric meters.
Where is this mobile home & rv park located?
The property is located at 4920 E PARSONS POINT Road Hernando, FL.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: Park‑owned mobile home park with 13 total lots (8 occupied) plus 4–5 vacant pads.; Gross monthly income approx. $7,300 with stated room to increase across all units.; Site utilities include private well with new filter system (2023), 5 septic tanks servicing 9 homes, and individual electric meters.
