Technical
Financial
Distress signals
Property profile

11240 Northwood Dr Inglis, FL 34449

OFF-MARKET
Specialty properties
Property ID
US18-8425371
740 SF 24.31 ac lot Built 1984
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 43-unit mobile home park in Inglis, Florida, currently boasting 100% occupancy. The property, located at 11240 N Northwood Dr, Inglis, FL 34449 (APN: 16E17S030010 001A), is zoned MHP and features 40 pads accommodating 36 mobile homes, 4 park models, and 3 RVs. Each unit enjoys dedicated parking. The park generates a substantial net operating income (NOI) of $49,015, resulting in an attractive 12.25% cap rate at an asking price of $400,000 ($10,000 per pad). Lot rents cover common area maintenance, minimizing operational responsibilities. The business is offered as a net lease, providing a hands-off investment approach. Significant upgrades have been implemented within the homes. Seller financing is available with a 30% down payment. This is a turnkey operation ideal for a passive income investor seeking a strong return on investment. The property's strong performance and high occupancy rate make it a compelling opportunity in the Florida market. This is a rare chance to acquire a well-established, income-producing mobile home park with minimal management requirements.

Property profile

Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1984
Construction WOOD FRAME
Total area 740 SF
Lot 24.31 ac (1,059,015 SF)
Zoning code MHP MOBILEHOME PARK
APN 16E-17S-03-0010-001.A
UPID US18-8425371

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Housing Complex
  • Campground & RV Park
  • Campground & RV Park

Location

11240 Northwood Dr Inglis, FL 34449-9008
Inglis metro Census 450402 HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.88M

Owner & transaction history

since 2022
Last sale
$3.3M
7 recorded transactions
2024
Price N/A
2022
$3.3M
2019
$2.7M
2010
$1.5M
2010
Price N/A
2010
Price N/A
2003
$1.7M

Zoning & alternative use

MHP MOBILEHOME PARK · Inglis, FL

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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