521 San Mateo Rd - Manufactured Housing/Mobile Housing FOR SALE


San Mateo, FL 32187
$3,500,000 USD
732-789-4071
521 San Mateo Rd, San Mateo, FL for Sale
$3,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/9
null | 7.15% Cap Rate

521 San Mateo Rd
San Mateo, FL 32187


HIGHLIGHTS

  • Serenity
  • Rental Income
  • Amenities
  • Access to main roads
  • Maximize Occupancy

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$603 USD /SF

# OF UNITS

90

PRICE/UNIT

$38,889

CAP RATE

7.15%

% LEASED

56%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MULTIFAMILY / MH/ RV PARK - SAN MATEO ESTATES

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

36.26 AC

LAND SF

1,579,486 SF

ZONING

AG

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lia FlorentineFlorentine Holding CompanyMore Info
732-789-4071

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Lia FlorentineFlorentine Holding CompanyMore Info
732-789-4071

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