4090 Aurora Rd - Manufactured Housing/Mobile Housing FOR SALE


Melbourne, FL 32934
$1,300,000 USD
321-722-0707
4090 Aurora Rd, Melbourne, FL for Sale
$1,300,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/3
null | 8.92% Cap Rate

4090 Aurora Rd
Melbourne, FL 32934


OVERVIEW

Discover an excellent investment opportunity with Aurora Pines Mobile Home Park, a 21-lot mobile home community located on Aurora Road in Melbourne, FL. With 4 park-owned units included in the sale, this property provides a reliable income stream and potential for future growth. Positioned near major employment hubs like Northrop Grumman, L3 Harris, and Embraer, as well as the expanding Melbourne International Airport, Aurora Pines benefits from a high-demand location for affordable housing. Additionally, the park is a short distance from Wickham Road, Brevard County’s major retail corridor, ensuring convenient access to shopping, dining, and services. Disclaimer: Aurora Pines Mobile Home Park is currently combined with a 2.63-acre parcel to the East. Ownership is actively working towards splitting the parcels, but it could also be acquired for $375,000. Disclaimer: Please note that there is not a Co-Broker Fee Available. Buyer’s broker(s) shall seek compensation from the Buyer.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

21

PRICE/UNIT

$61,905

CAP RATE

8.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aurora Pines Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

TR-3

APN/PARCEL ID

27-36-14-76-0000E.0-0000.00

ASK ABOUT THIS PROPERTY

Jeffery RobisonLightle Beckner Robison, Inc.More Info
321-722-0707

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Jeffery RobisonLightle Beckner Robison, Inc.More Info
321-722-0707

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