For Sale
$650,000

12300 Old Kings RdJacksonville, FL 32219

9-Lot RV park, expanding to 12. High growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 9-lot RV park in Jacksonville, Florida's rapidly growing Northwest quadrant, poised for expansion to 12 lots. Currently operating at 66% occupancy (as of April 1, 2024), the park boasts a projected 2024 gross rent of $64,700. All lots are month-to-month rentals, allowing for flexible pricing and efficient revenue growth. The park features minimal expenses due to tenant-owned RVs and a well and septic system, eliminating significant maintenance and utility costs for the owner. Tenants cover their own electricity. The seller is offering financing options. Financial details and rent rolls are available upon request with a non-disclosure agreement. Located on 1.57 acres at 12300 Old Kings Rd, Jacksonville, FL 32219, this property offers a compelling value-add opportunity with significant upside potential. The asking price is $650,000, translating to approximately $72,222.22 per pad. This is a stabilized, value-add investment with a strong potential for increased profitability. The expansion is nearly complete, with three pads currently offline for reconfiguration to accommodate the additional three lots.

Highlights

  • 9-lot RV park in Jacksonville, FL's rapidly growing Northwest quadrant, expandable to 12 lots.
  • Currently 66% occupied (April 1, 2024), projecting $64,700 gross rent in 2024.
  • All lots are month-to-month rentals.
  • Minimal operating expenses due to tenant-owned RVs, well, and septic system; tenants pay electricity.
  • Seller financing available.
  • Asking price: $650,000 ($72,222 per pad).

Property Details for 12300 Old Kings Rd

Property type
Mobile home & RV parks
Lot Size (sq. ft)
68,389 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.454805375163
Longitude
-81.780714300673
12300 Old Kings Rd, Jacksonville, Florida

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12300 Old Kings Rd
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