For Sale
$199,000

8209 Highway 2301 Youngstown, FL 32466

Profitable RV park with low expenses.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a well-maintained RV park situated on a spacious 78,843.6 sq ft lot at 8209 Hwy 2301, Youngstown, FL 32466. Built in 1980, this multifamily property includes four addresses and boasts two park-owned mobile homes currently generating $2,080 in monthly rental income. The property benefits from significantly low operating expenses due to its well and septic system, with electricity averaging under $50 monthly and water purification costing $130 monthly. Annual property taxes are $945. The two meticulously renovated mobile homes feature upgraded kitchens with granite countertops, central HVAC, new appliances, and in-unit laundry. One unit is a 1-bedroom, 1-bathroom, while the other is a larger 2-bedroom, 2-bathroom unit with a garden tub and walk-in closet. The property's current Net Operating Income (NOI) is approximately $21,855 annually, resulting in a 10.98% capitalization rate. The seller emphasizes the minimal deferred maintenance and high quality of the renovations. This property is offered at an asking price of $199,000. All figures provided by the seller and should be independently verified.

Highlights

  • $199,000 asking price for this multifamily property.
  • 78,843.6 sq ft lot in Youngstown, FL.
  • 1980 construction year.
  • Property includes two income-producing mobile homes generating $2,080 monthly rent.
  • Low operating expenses due to well and septic; electricity under $50/month. Annual property taxes are $945. NOI is approximately $21,855, resulting in a 10.98% cap rate.

Property Details for 8209 Highway 2301

Property type
Mobile home & RV parks, Campgrounds
Year Built
1980

Location Insight

City
Youngstown
County
Bay
State
Florida
Latitude
30.2980973
Longitude
-85.5471569

FAQs

What type of property is this?
Mobile home & RV park - Profitable RV park with low expenses.
Where is the mobile home & rv park located?
The property is located at 8209 Highway 2301 Youngstown, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: $199,000 asking price for this multifamily property.; 78,843.6 sq ft lot in Youngstown, FL.; 1980 construction year.
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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8209 Highway 2301
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