151 Unit RV Site in Dade City – Ruby Ave, Dade City, FL 33523 Sold

  • $375,000

Enormous upside with this 26+ acres in Dade City, minutes from Interstate 75. Plans are in place with the city and county which have approved the land for up to 151 RV sites. There is already some infrastructure in place however the development will need to built out. Estimated development costs are between $800,000 to $1.2M. With a modest average lot rent of $350 per month, accounting for only 140 total lots, and allowing for a conservative 40% vacancy rate, this project should yield a 15% cap rate.

Price:
$375,000
Address:
Ruby Ave
Dade City, FL 33523
Lot Size:
26+ acres
Terms:
For Sale
Property Type:
Land
Basement:
$1,200,000
MLS #:
Rental: $29,400 mo. / $352,800 yr., Flip: $2,900,000

Call (407) 678-0062 for more details

Property Location