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1247 Lpga Blvd Daytona Beach, FL 32117

Sponsored
For Sale
$1,600,000

Profitable RV Park, 20 Units, High Demand

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents the Hillside Mobile Home Park, a thriving 20-unit RV park located at 1247 LPGA Blvd, Daytona Beach, FL 32117. Boasting a strong 8.62% cap rate and a substantial NOI of $137,927, this property offers a compelling return on investment. The asking price is $1,600,000, or $69,565 per unit. The park sits on a 1.615-acre lot (APN 424401050024) and includes 20 manufactured home pad rentals (one park-owned home) and three single-family home rentals (one fully renovated in 2022). The unit breakdown consists of 12 tenant-owned manufactured homes, 7 tenant-owned RV homes, and 1 park-owned manufactured home. All tenants are current on rent, indicating a stable and reliable income stream. Infrastructure was renovated in 2021, and rents are currently stabilized. The property is serviced by city water and features on-site septic. This park is situated in a high-demand area for affordable housing, offering a quiet community with convenient access to the renowned Daytona Beach and I-95. Local property management is currently in place, ensuring seamless operations. This turnkey property is ready for immediate ownership and presents a rare opportunity in the Daytona Beach market.

Property Features for 1247 Lpga Blvd

General Information

Property type
Multifamily properties
Lot Size
70,349 SF

Building Details

Year Renovated
2021
Units
20

HighLights

  • 20 manufactured home pad rentals (including 1 park‑owned home) and 3 single‑family home rentals (1 renovated in 2022).
  • The property consists of 3 single‑family homes, 12 tenant‑owned manufactured homes, 7 tenant‑owned RV homes, and 1 park‑owned manufactured home.
  • Professionally managed by local property management company.
  • 100% occupancy with all tenants current on rent.
Property Profile Location Intelligence

Current Use by Public Records

Hillside Mobile Home ... Mobile Home Park T & J's Lawn ... Landscaper

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Daytona Beach
County
Volusia
State
Florida
Longitude
-81.0646458
Latitude
29.2354204

FAQs

What type of property is this?
Multifamily property - Profitable RV Park, 20 Units, High Demand
Where is this multifamily property located?
The property is located at 1247 Lpga Blvd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 20 manufactured home pad rentals (including 1 park-owned home) and 3 single-family home rentals (1 renovated in 2022).; The property consists of 3 single-family homes, 12 tenant-owned manufactured homes, 7 tenant-owned RV homes, and 1 park-owned manufactured home.; Professionally managed by local property management company.
More about this property
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