Manufactured Housing
For Sale
Contact for pricing
820 Red Oak Avenue, Sebring, FL 33870
17-unit manufactured housing community with park-owned homes and studio apartments, with utilities currently included in rent.
Property Size1,974 SF
Price / SF$354.61
Days on Market60
Property Features for 820 Red Oak Avenue
General Information
Standard status
Active
Size
1,974 SF
Class
C
Property subtype
Mobile Home Park
Occupancy
88%
Investment Type
Stabilized
Net Operating Income
$41,050
Financials
Cap Rate
9.6%
Business Included
Yes
Additional Details
Multifamily Units
17
Building Details
Year Built
1959
Stories
1
Units
17
Listing Agency:
eXp Commercial
Listed By:
Lou Febbo · License #SL3660219
Source:
Crexi
Added: Jun 10
Changed: Aug 7
Last Checked: Aug 7 at 6:35AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This offering presents a 17-unit manufactured housing community featuring 15 park-owned manufactured homes and 2 studio apartments. The property is currently generating approximately $100,010 in annual gross income, with rent levels noted as remaining below market.
The community is located at 820 Red Oak Avenue in Sebring, Florida. According to the provided remarks, the asset benefits from being in a growing Central Florida market where demand for attainable housing options continues to be a key driver.
From an operating standpoint, the mix of park-owned homes and studio units supports a managed community model with in-place income. The remarks also identify two areas for potential improvement based on current structure: current water, sewer, and electric expenses are included in rent and are not being recaptured by ownership, and current rents are described as below market levels. Seller financing is also referenced in the offering materials. This combination of existing income and charge-capture considerations is presented as a straightforward value-add path for qualified investors seeking affordable housing-focused assets.
The community is located at 820 Red Oak Avenue in Sebring, Florida. According to the provided remarks, the asset benefits from being in a growing Central Florida market where demand for attainable housing options continues to be a key driver.
From an operating standpoint, the mix of park-owned homes and studio units supports a managed community model with in-place income. The remarks also identify two areas for potential improvement based on current structure: current water, sewer, and electric expenses are included in rent and are not being recaptured by ownership, and current rents are described as below market levels. Seller financing is also referenced in the offering materials. This combination of existing income and charge-capture considerations is presented as a straightforward value-add path for qualified investors seeking affordable housing-focused assets.
Key Highlights
- 17‑unit manufactured housing community in Sebring, FL
- Comprises 15 park‑owned homes and 2 studio apartments
- Generates approximately $100,010 in annual gross income
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 17-unit manufactured housing community with park-owned homes and studio apartments, with utilities currently included in rent.
Where is this mobile home & rv park located?
The property is located at 820 Red Oak Avenue Sebring, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 17‑unit manufactured housing community in Sebring, FL; Comprises 15 park‑owned homes and 2 studio apartments; Generates approximately $100,010 in annual gross income
