1247 Lpga Blvd Daytona Beach, FL 32117
- Mobile home & RV parks
- 1.62 lot acres
Current Use by Public Records
- Hillside Mobile Home Park LLC / Mobile Home Park
- T & J's Lawn & Tree Services / Landscaper
Property Details for 1247 Lpga Blvd
- Lot size
- 1.62 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
- APN
- 424401050024
Description
This exceptional investment opportunity presents the Hillside Mobile Home Park, a thriving 20-unit RV park located at 1247 LPGA Blvd, Daytona Beach, FL 32117. Boasting a strong 8.62% cap rate and a substantial NOI of $137,927, this property offers a compelling return on investment. The asking price is $1,600,000, or $69,565 per unit. The park sits on a 1.615-acre lot (APN 424401050024) and includes 20 manufactured home pad rentals (one park-owned home) and three single-family home rentals (one fully renovated in 2022). The unit breakdown consists of 12 tenant-owned manufactured homes, 7 tenant-owned RV homes, and 1 park-owned manufactured home. All tenants are current on rent, indicating a stable and reliable income stream. Infrastructure was renovated in 2021, and rents are currently stabilized. The property is serviced by city water and features on-site septic. This park is situated in a high-demand area for affordable housing, offering a quiet community with convenient access to the renowned Daytona Beach and I-95. Local property management is currently in place, ensuring seamless operations. This turnkey property is ready for immediate ownership and presents a rare opportunity in the Daytona Beach market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0646458
- Latitude
- 29.2354204
