Current Use by Public Records
- Mobile home & RV parks
Property Details for 11240 Units
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a 15-unit mobile home park located in Inglis, Florida, at 11240 N Northwood Dr, 34449, Citrus County. Currently operating at 100% occupancy, this business boasts a substantial net operating income (NOI) of $33,575, translating to an attractive 14.92% capitalization rate. The asking price is $225,000, or $15,000 per pad. The property is zoned for mobile home parks (MHP) and features a gross lease type with multi-tenancy. This turnkey operation offers passive income potential with minimal management responsibilities. The seller is motivated due to retirement and is offering the business as a whole, eliminating the need for real estate acquisition. Lot rents cover common area maintenance, water, and sewer, further simplifying operations. This is an ideal investment for those seeking a high-yield, low-maintenance income stream in a desirable Florida location. The property is managed on-site, and the sale includes all 15 units. No real estate taxes are included in the operating expenses. This is a rare opportunity to acquire a fully operational, high-performing mobile home park with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Inglis
- County
- Citrus
- State
- Florida
- Longitude
- -82.6787
- Latitude
- 29.024
