405 Del Monte DrSt. Augustine, FL 32084

Property Details for 405 Del Monte Dr

Year built

1968

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity awaits with this 9-unit mobile home park situated on a spacious 1.2-acre lot (52,272 sq ft) at 405 Del Monte Drive, St. Augustine, FL 32084. Built in 1968, this single-story property boasts a remarkable location directly across from St. Augustine High School and First Coast Technical College, ensuring a consistent stream of reliable tenants. Currently operating at full occupancy, the park features nine single-wide units, three of which are occupied by long-term residents (tenure exceeding 10 years). All units are individually metered for electricity and share a convenient city water and septic system. The current rental rates are below market value, presenting a significant opportunity to increase revenue through rental adjustments. This multifamily property, classified as both residential and an RV park, offers a compelling return on investment for discerning buyers. The property's strategic location and strong tenant history make it an attractive and stable income-generating asset. Don't miss this chance to acquire a well-established and profitable mobile home park in a thriving Florida community.

Location Insight

City

St. Augustine

County

St. Johns

State

Florida

Latitude

29.9226

Longitude

-81.3417

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