MULTIFAMILY / MH/ RV PARK - SAN MATEO ESTATES | 521 San Mateo Rd
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MULTIFAMILY / MH/ RV PARK - SAN MATEO ESTATES 521 San Mateo Rd
90 Unit Mobile Home Park $3,500,000 ($38,889/Unit) 7.15% Cap Rate San Mateo, FL 32187
Investment Highlights
- Serenity
- Amenities
- Maximize Occupancy
- Rental Income
- Access to main roads
Executive Summary
TEMENDOUS UPSIDE BY LEASING THE 24 UNOCCUPIED MOBILE HOME LOTS, WHICH COULD YIELD A $100,000 NOI INCREASE WITHOUT RAISING LOT RENT, SIMPLY BY FILLING THESE VACANT SPACES!
INCREASE PROPERTY VALUE BY $1,000,000 JUST BY MAXIMIZING OCCUPANCY!
LESS THAN $39,000 PER UNIT COMPOSED OF
(21) PARK OWNED HOMES
(24) MH LOTS
(33) RV PADS
(13) RENTED LOTS WITH TENANT OWNED HOMES
This property is situated in San Mateo, FL a tranquil and picturesque area in Putnam County, Florida. It is conveniently located midway between Orlando and Jacksonville, less than an hour's drive from the beaches of St. Augustine and Daytona. This established mobile home and RV park holds IMMENSE potential.
Spanning 36.26 acres, the property comprises 33 RV lots and a total of 57 mobile home lots, of which 21 (including the office and manager's residence) are part of the sale.
The 24 vacant lots are PRIMED for income generation.
Amenities of the park include an office building, swimming pool, four-vehicle garage, indoor barbecue area, laundry facilities with restrooms, a baseball field, several stocked ponds, a fenced area for livestock, two barns, and a large steel storage building, all of which contribute to rental income.
There is considerable opportunity to enhance occupancy and transform this park into a super profitable venture. This is an opportunity not to be overlooked.
Please email lia@florentineholding.com for more information.
INCREASE PROPERTY VALUE BY $1,000,000 JUST BY MAXIMIZING OCCUPANCY!
LESS THAN $39,000 PER UNIT COMPOSED OF
(21) PARK OWNED HOMES
(24) MH LOTS
(33) RV PADS
(13) RENTED LOTS WITH TENANT OWNED HOMES
This property is situated in San Mateo, FL a tranquil and picturesque area in Putnam County, Florida. It is conveniently located midway between Orlando and Jacksonville, less than an hour's drive from the beaches of St. Augustine and Daytona. This established mobile home and RV park holds IMMENSE potential.
Spanning 36.26 acres, the property comprises 33 RV lots and a total of 57 mobile home lots, of which 21 (including the office and manager's residence) are part of the sale.
The 24 vacant lots are PRIMED for income generation.
Amenities of the park include an office building, swimming pool, four-vehicle garage, indoor barbecue area, laundry facilities with restrooms, a baseball field, several stocked ponds, a fenced area for livestock, two barns, and a large steel storage building, all of which contribute to rental income.
There is considerable opportunity to enhance occupancy and transform this park into a super profitable venture. This is an opportunity not to be overlooked.
Please email lia@florentineholding.com for more information.
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Grill
- Maintenance on site
zoning
| Zoning Code | AG (Agricultural Zoning - Putnam County documents in files) |
| AG (Agricultural Zoning - Putnam County documents in files) |
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MULTIFAMILY / MH/ RV PARK - SAN MATEO ESTATES | 521 San Mateo Rd
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