For Sale
$400,000

11240 Northwood Dr Inglis, FL 34449

High-yield, turnkey mobile home park in Florida.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 43-unit mobile home park in Inglis, Florida, currently boasting 100% occupancy. The property, located at 11240 N Northwood Dr, Inglis, FL 34449 (APN: 16E17S030010 001A), is zoned MHP and features 40 pads accommodating 36 mobile homes, 4 park models, and 3 RVs. Each unit enjoys dedicated parking. The park generates a substantial net operating income (NOI) of $49,015, resulting in an attractive 12.25% cap rate at an asking price of $400,000 ($10,000 per pad). Lot rents cover common area maintenance, minimizing operational responsibilities. The business is offered as a net lease, providing a hands-off investment approach. Significant upgrades have been implemented within the homes. Seller financing is available with a 30% down payment. This is a turnkey operation ideal for a passive income investor seeking a strong return on investment. The property's strong performance and high occupancy rate make it a compelling opportunity in the Florida market. This is a rare chance to acquire a well-established, income-producing mobile home park with minimal management requirements.

Highlights

  • Income-producing mobile home park with a 12.25% cap rate.
  • 100% occupancy.
  • Significant recent upgrades to homes.

Property Details for 11240 Northwood Dr

Property type
Mobile home & RV parks
Class
C
Units
43

Location Insight

City
Inglis
County
Citrus
State
Florida
Latitude
29.023658177825
Longitude
-82.678526462502

FAQs

What type of property is this?
Mobile home & RV park - High-yield, turnkey mobile home park in Florida.
Where is the mobile home & rv park located?
The property is located at 11240 Northwood Dr Inglis, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Income-producing mobile home park with a 12.25% cap rate.; 100% occupancy.; Significant recent upgrades to homes.
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 Northwood Dr
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