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    OFF-MARKET
    Mobile home & RV parks

    6061 Flamingo Rd, Rhodesdale, MD 21659

    32.22 ac lot Built 1960
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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