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    8209 Highway 2301 Youngstown, FL 32466

    For Sale
    $199,000

    Profitable RV park with low expenses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a well-maintained RV park situated on a spacious 78,843.6 sq ft lot at 8209 Hwy 2301, Youngstown, FL 32466. Built in 1980, this multifamily property includes four addresses and boasts two park-owned mobile homes currently generating $2,080 in monthly rental income. The property benefits from significantly low operating expenses due to its well and septic system, with electricity averaging under $50 monthly and water purification costing $130 monthly. Annual property taxes are $945. The two meticulously renovated mobile homes feature upgraded kitchens with granite countertops, central HVAC, new appliances, and in-unit laundry. One unit is a 1-bedroom, 1-bathroom, while the other is a larger 2-bedroom, 2-bathroom unit with a garden tub and walk-in closet. The property's current Net Operating Income (NOI) is approximately $21,855 annually, resulting in a 10.98% capitalization rate. The seller emphasizes the minimal deferred maintenance and high quality of the renovations. This property is offered at an asking price of $199,000. All figures provided by the seller and should be independently verified.

    Property Features for 8209 Highway 2301

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1980

    HighLights

    • $199,000 asking price for this multifamily property.
    • 78,843.6 sq ft lot in Youngstown, FL.
    • 1980 construction year.
    • Property includes two income‑producing mobile homes generating $2,080 monthly rent.
    • Low operating expenses due to well and septic; electricity under $50/month. Annual property taxes are $945. NOI is approximately $21,855, resulting in a 10.98% cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Food Market HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Bay
    State
    Florida
    Longitude
    -85.5471569
    Latitude
    30.2980973

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    FAQs

    What type of property is this?
    Multifamily property - Profitable RV park with low expenses.
    Where is this multifamily property located?
    The property is located at 8209 Highway 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: $199,000 asking price for this multifamily property.; 78,843.6 sq ft lot in Youngstown, FL.; 1980 construction year.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8209 Highway 2301 Youngstown, FL 32466
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