8209 Highway 2301 Youngstown, FL 32466
- Mobile home & RV parks
Current Use by Public Records
- Mobile home & RV parks
Property Details for 8209 Highway 2301
- Year built
- 1980
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Youngstown
- County
- Bay
- State
- Florida
- Longitude
- -85.5471569
- Latitude
- 30.2980973
