37828 Oak Forrest DrDade City, FL 33523

Property Details for 37828 Oak Forrest Dr

Property type

Mobile home & RV parks

Description

This Dade City, Florida mobile home park presents a compelling investment opportunity. Situated on a 5.075-acre lot in Pasco County (zip code 33523), this Class B property boasts 9 tenant-owned homes and 10 total pads, with 90% occupancy. Two vacant pads are ready for immediate rental income, supplemented by two small, furnished apartments and two RV parking spaces, all with utilities. Amenities include a screened swimming pool, laundry facilities, a grilling area with picnic tables, and ample storage (sheds, a large container, and a covered building). The park is self-sufficient, featuring its own well (and an auxiliary well) and septic system. The property is zoned AR and is not subject to a ground lease. The asking price is $900,000, offering an 8% capitalization rate. Additional features include a serene pond and a beautifully landscaped setting. The park's location offers convenient access to Dade City's amenities, while also providing proximity to outdoor recreational opportunities such as the Withlacoochee River. Long-term residents contribute to stable income potential. While historical financial records are limited, the current market conditions and potential for rental rate increases suggest significant future return potential.

Location Insight

City

Dade City

County

Pasco

State

Florida

Latitude

28.4729

Longitude

-82.1896

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