Wildwood 22 Unit Park! – FL 34785 Pending

  • $899,900
  • 45 beds
  • 27 baths
  • 14,400 sqft

Property Details:

Located in Wildwood, FL is a fantastic value-add mobile home park opportunity awaiting an investors’ touch to command an incredible return!

The property consists of two adjacent parcels with a total combined acreage of 4.4 acres. The property consists of 18 park-owned mobile homes. 16 of the mobile homes have been recently renovated at the owner’s expense. All units are occupied by long-term, month-to-month, tenants. One of the other two units is used as the seller’s office, and the other one is vacant and in need of rehab.

The property is currently bringing in approximately $11,115/month, and currently has very little to no operating expenses. In its current state, the property is netting almost $110,000/year. However, with the value-add opportunity in place, we project the ability to net over $135,000/year giving this property a lucrative future resale value.

The park’s value-add comes from 4 other vacant lots that are currently permitted with the city. That brings the number to a total of 22 units in the park. We recommend putting 4 additional park-owned mobiles on the vacant lots, as well as utilizing the other two existing mobile homes that aren’t currently used for long-term rentals to command market rent.

Opportunities like these are few and far between so contact Us Today to secure this deal!

Price:
$899,900
Address:
County Road 230A
Wildwood, FL 34785
Square Feet:
14,400
Bedrooms:
45
Bathrooms:
27
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1975
Basement:
$185,000
MLS #:
$1,350,000

Call (407) 678-0062 for more details

Property Location