37828 Oak Forrest Dr Dade City, FL 33523

Property Details for 37828 Oak Forrest Dr

Property type

Mobile home & RV parks

Description

This Dade City, Florida mobile home park presents a compelling investment opportunity. Situated on a 5.075-acre lot in Pasco County (zip code 33523), this Class B property boasts 9 tenant-owned homes and 10 total pads, with 90% occupancy. Two vacant pads are ready for immediate rental income, supplemented by two small, furnished apartments and two RV parking spaces, all with utilities. Amenities include a screened swimming pool, laundry facilities, a grilling area with picnic tables, and ample storage (sheds, a large container, and a covered building). The park is self-sufficient, featuring its own well (and an auxiliary well) and septic system. The property is zoned AR and is not subject to a ground lease. The asking price is $900,000, offering an 8% capitalization rate. Additional features include a serene pond and a beautifully landscaped setting. The park's location offers convenient access to Dade City's amenities, while also providing proximity to outdoor recreational opportunities such as the Withlacoochee River. Long-term residents contribute to stable income potential. While historical financial records are limited, the current market conditions and potential for rental rate increases suggest significant future return potential.