6061 Flamingo Rd Rhodesdale, MD 21659

Property Details for 6061 Flamingo Rd

Year built

1960

Lot size

32.22 lot acres

Property type

Mobile home & RV parks

Description

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.

Location Insight

City

Rhodesdale

County

Dorchester

State

Maryland

Longitude

-75.7102

Latitude

38.6333