12300 Old Kings RdJacksonville, FL 32219

Property Details for 12300 Old Kings Rd

Lot size

1.57 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.4548

Longitude

-81.7807

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