11240 Northwood DrInglis, FL 34449

Property Details for 11240 Northwood Dr

Year built

1984

Construction

WOOD FRAME

Lot size

24.31 AC

Property size (Sq ft)

740 SF

Zone code

MHP MOBILEHOME PARK

Property type

Specialty properties

Property subtype

Other specialty properties

APN

16E-17S-03-0010-001.A

APU

16E17S030010001A

Description

This exceptional investment opportunity presents a 43-unit mobile home park in Inglis, Florida, currently boasting 100% occupancy. The property, located at 11240 N Northwood Dr, Inglis, FL 34449 (APN: 16E17S030010 001A), is zoned MHP and features 40 pads accommodating 36 mobile homes, 4 park models, and 3 RVs. Each unit enjoys dedicated parking. The park generates a substantial net operating income (NOI) of $49,015, resulting in an attractive 12.25% cap rate at an asking price of $400,000 ($10,000 per pad). Lot rents cover common area maintenance, minimizing operational responsibilities. The business is offered as a net lease, providing a hands-off investment approach. Significant upgrades have been implemented within the homes. Seller financing is available with a 30% down payment. This is a turnkey operation ideal for a passive income investor seeking a strong return on investment. The property's strong performance and high occupancy rate make it a compelling opportunity in the Florida market. This is a rare chance to acquire a well-established, income-producing mobile home park with minimal management requirements.

• Alternative Use

  Use

  Valuation

  Residential

  $175,667

  Hospitality

  $160,910

  Educational

  $133,875

  Medical

  $138,479

  Retail

  $208,250

Location Insight

City

Inglis

County

Citrus

State

Florida

Latitude

29.0231

Longitude

-82.6783

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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