For Sale
$225,000

11240 Units Inglis, FL 34449

15 Units, 14.92% Cap Rate, Passive Income

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 15-unit mobile home park located in Inglis, Florida, at 11240 N Northwood Dr, 34449, Citrus County. Currently operating at 100% occupancy, this business boasts a substantial net operating income (NOI) of $33,575, translating to an attractive 14.92% capitalization rate. The asking price is $225,000, or $15,000 per pad. The property is zoned for mobile home parks (MHP) and features a gross lease type with multi-tenancy. This turnkey operation offers passive income potential with minimal management responsibilities. The seller is motivated due to retirement and is offering the business as a whole, eliminating the need for real estate acquisition. Lot rents cover common area maintenance, water, and sewer, further simplifying operations. This is an ideal investment for those seeking a high-yield, low-maintenance income stream in a desirable Florida location. The property is managed on-site, and the sale includes all 15 units. No real estate taxes are included in the operating expenses. This is a rare opportunity to acquire a fully operational, high-performing mobile home park with significant upside potential.

Highlights

  • 15-Unit Multifamily Investment Opportunity
  • Excellent Passive Income Potential
  • No Property Management Responsibilities
  • Tax-Free Ownership (Consult your tax advisor for details)

Property Details for 11240 Units

Property type
Mobile home & RV parks
Units
15

Location Insight

City
Inglis
County
Citrus
State
Florida
Latitude
29.0240363
Longitude
-82.6786699

FAQs

What type of property is this?
Mobile home & RV park - 15 Units, 14.92% Cap Rate, Passive Income
Where is the mobile home & rv park located?
The property is located at 11240 Units Inglis, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 15-Unit Multifamily Investment Opportunity; Excellent Passive Income Potential; No Property Management Responsibilities
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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11240 Units
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