6061 Flamingo RdRhodesdale, MD 21659

Property Details for 6061 Flamingo Rd

Year built

1960

Lot size

32.22 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a well-established 75-unit mobile home park situated on a spacious 32.22-acre lot in Rhodesdale, Maryland. Built in 1960 and zoned AC, the park boasts a consistently low vacancy rate, attributed to its attractive features including paved roads, pleasant landscaping, a playground, and a small pond. Six of the units are park-owned, offering additional income potential. The property's strong performance is further evidenced by its history of annual rent increases. Detailed financial information, including a rent roll and expense report, is readily available upon request. With approximately 10 acres of vacant land, there's significant potential for expansion or the development of a community septic system. The asking price is $3,495,000, translating to an attractive price per pad of $46,600. This turnkey operation provides a stable income stream and significant upside for the discerning investor. This is a rare opportunity to acquire a proven, high-performing asset in a desirable location. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

Location Insight

City

Rhodesdale

County

Dorchester

State

Maryland

Latitude

38.6333

Longitude

-75.7102

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