3670 Dixie Hwy NE - Manufactured Housing/Mobile Housing FOR SALE


Palm Bay, FL 32905
$2,850,000 USD
321-388-4394
3670 Dixie Hwy NE, Palm Bay, FL for Sale
$2,850,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10
null | 7.8% Cap Rate

3670 Dixie Hwy NE
Palm Bay, FL 32905


HIGHLIGHTS

  • The Sunrise Mobile Home Park and Apartments includes 35 recently renovated and professionally managed units on the Indian River.
  • The community comprises 11 apartment units, 20 tenant-owned homes, and 4 park-owned homes.
  • Select renovated units now boast anti-scratch flooring, rich natural lighting, and new paint.
  • A prime location near SR 1 and downtown Palm Bay provides tenants with easy access to shopping and dining amenities, and top area job centers.

OVERVIEW

Sunrise Mobile Home Park and Apartments at 3670 Dixie Highway NE provide investors with a 35-unit community nestled on the banks of the Indian River in Palm Bay, Florida. The community spans 7,982 square feet and includes 11 apartment units, 20 tenant-owned homes, and 4 park-owned homes. The units are professionally managed and recently renovated. The building’s bright interiors now boast anti-scratch flooring, new paint, and great natural lighting. The community is served by city water and sewer. Located midway between Jacksonville and Miami on Florida’s east coast, Palm Bay is the largest city in Brevard County. Palm Bay has a distinct suburban vibe, with numerous shopping centers (like Hammock Landing, Palm Bay Center, and nearby Melbourne Square Mall), top-notch schools, and a strong sense of community. Palm Bay residents come together for First Friday by the Bay events every month in addition to a slew of year-round festivals, classes, activities, and leagues. Palm Bay is rich in natural resources, touting a solid ecotourism industry. Locals and visitors alike flock to Turkey Creek Sanctuary, Castaways Point Park, Fred Poppe Regional Park, and Three Forks Marsh for a wide variety of outdoor activities. Palm Bay is also just a few short minutes away from pristine Atlantic Coast beaches. Palm Bay is also about an hour’s drive from Orlando’s renowned amusement parks and entertainment. Commuting and traveling from Palm Bay is easy with access to I-95, U.S. 1, and Orlando Melbourne International Airport.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

35

PRICE/UNIT

$81,429

CAP RATE

7.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunrise Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

3.38 AC

LAND SF

147,233 SF

ZONING

HC, Palm Bay

APN/PARCEL ID

28-37-14-FK-00000.0-0002.05

ASK ABOUT THIS PROPERTY

Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

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Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.