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Property profile

6061 Flamingo Rd Rhodesdale, MD 21659

OFF-MARKET
Mobile home & RV parks
32.22 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established 75-unit mobile home park situated on a spacious 32.22-acre lot in Rhodesdale, Maryland. Built in 1960 and zoned AC, the park boasts a consistently low vacancy rate, attributed to its attractive features including paved roads, pleasant landscaping, a playground, and a small pond. Six of the units are park-owned, offering additional income potential. The property's strong performance is further evidenced by its history of annual rent increases. Detailed financial information, including a rent roll and expense report, is readily available upon request. With approximately 10 acres of vacant land, there's significant potential for expansion or the development of a community septic system. The asking price is $3,495,000, translating to an attractive price per pad of $46,600. This turnkey operation provides a stable income stream and significant upside for the discerning investor. This is a rare opportunity to acquire a proven, high-performing asset in a desirable location. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

Property profile

Verified
Property type Mobile home & RV parks
Year built 1960
Lot 32.22 ac (1,403,503 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6061 Flamingo Rd Rhodesdale, MD 21659
Rhodesdale metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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