Historical Multifamily Sale Listing - Evergreen Mobile Home Park

Multifamily For Sale

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Evergreen Mobile Home Park

825 Cricket Drive, Palm Bay, FL 32907

N/A

27 Spaces | Multifamily

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Close to 195 in Palm Bay

Multifamily Property - Off Market

Price:
N/A
No. Spaces:
27
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
9%
Occupancy:
67%
Lot Size:
22 AC
Listing ID
17258497
Last Updated
over 1 year ago

Highlights

  • Additional lots adjoining Mobile Home Park included in the purchase
  • More mobile home sites cleared with utilities.
  • Multiple out building on property
  • Potential conversion of property for alternate uses

Description

MHP with additional lots. Has street frontage from 3 sides. Tremedous growth potential. Located in the heart of Brevard County. Land has significant value. There are 27 pad rentals, all mobile homes are park owned, and several outbuildings including two houses. Some park owned trailers are dated and need some rehab. Primary expense is property taxes. Public water and sewer are available. This is an easy to run park with a great location just minutes to the hospital, restuarants, beach and intercoastal waterway. Approx. one hour to Orlando. Park revenue can easily be increased with hands on operator. Good rental history. Additional revenue possible from outdoor storage.

I95(#173)Palm Bay Malabar RD EAST,LFT@ Charles Blvd,RT@Nogales,LFT@Cricket

Map of 825 Cricket Drive, Palm Bay, FL 32907 (Brevard County)

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Created 7/22/2011