Building Details

Year Built 1980

Listing Agency: Coldwell Banker Carroll Realty

Listed By: Melissa Barbee

Source: Crexi

Added: Aug 14, 2022 Changed: Aug 16 Last Checked: Aug 22 at 6:44PM

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Investment Insights

Based on property information with market context.

This property features two park-owned mobile homes, currently leased for a combined monthly income of $2,080. The expenses are reportedly low due to the presence of a well and septic system. According to the seller, the Net Operating Income (NOI) is approximately $21,855 per year, resulting in a Cap Rate of 10.98%. Unit 8213 is a one-bedroom, one-bathroom layout, while Unit 8211 is a wider, 14-foot model with two bedrooms and two bathrooms. Both units have been renovated, including new kitchen cabinets and granite countertops. Each unit is equipped with central HVAC, washers, dryers, and mostly new appliances. The two-bedroom unit includes a garden tub and a walk-in closet. The property has four addresses. The seller also owns another mobile home park approximately 1.5 miles away, with 11 paying rentals. An on-site manager/maintenance person oversees both parks.

Key Highlights

• High Cap Rate: Current NOI of $21,855 provides a 10.98% Cap Rate.
• Immediate Income: Two existing park‑owned mobile homes generate $2080/month in rental income.
• Low Expenses: Well and septic systems contribute to extremely low operating expenses; low taxes at $945/year.

Property Analytics

Property Profile

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Electrical Service Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

27

Businesses Nearby

Explore this area Business Placement

Demographics for 32466, FL

6,195

Population

2,427

Households

2.6

Avg Household Size

43

Median Age

12%

College-Educated

89%

High-School Grad

173.0 sq mi

ZIP Area

36

Density / Sq Mi

$64,699

Median Household Income

$40,442

Median Earnings

$1,248

Median Rent

$166,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mobile home park with two well-appointed, park-owned units.

Where is this mobile home & rv park located?

The property is located at 8209 Hwy 2301 Youngstown, FL.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: High Cap Rate: Current NOI of $21,855 provides a 10.98% Cap Rate.; Immediate Income: Two existing park‑owned mobile homes generate $2080/month in rental income.; Low Expenses: Well and septic systems contribute to extremely low operating expenses; low taxes at $945/year.