Waterfront Mobile Home Income
742 RIDGELINE Road Satsuma, FL 32189
For Sale
$319,500
MULTI_FAMILY - Satsuma, FL
Property Size2,156 SF
Lot Size0.97 Acres
Price / SF$148.19
Days on Market712
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
Listed By:
LINDSEY PARHAM · License #3507832
(386) 530-1737
Added: Aug 16, 2024
Changed: Jul 11
Last Checked: Jul 28 at 8:06PM
MLS# 2042689
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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
