8209 Highway 2301Youngstown, FL 32466

Property Details for 8209 Highway 2301

Year built

1980

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Youngstown

County

Bay

State

Florida

Latitude

30.2981

Longitude

-85.5472

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