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Old Somerset Acres 20303 Old Somerset Acres Ln 13 Unit Mobile Home Park $975,000 ($75,000/Unit) 11.86% Cap Rate Spring Hill, FL 34610
INVESTMENT HIGHLIGHTS
- Located in fast-growing Spring Hill, FL market
- Recent renovations enhance rent potential and value
- Fully park-owned 13-unit mobile home community
EXECUTIVE SUMMARY
The property at 20312 Old Somerset Acres Lane is a 13-unit mobile home park located in the rapidly growing market of Spring Hill, FL. This investment opportunity offers stable cash flow and significant potential for value-add improvements, making it an attractive option for both seasoned investors and those entering the mobile home park sector. All 13 units are park-owned, providing strong control over operations and consistent income.
An appraisal report is attached, and the offering price is below the appraised value, providing immediate equity for the buyer. Since the time of the appraisal, the current owners have completed major renovations and upgrades across several units, further enhancing the property’s overall condition, rent potential, and long-term value.
An appraisal report is attached, and the offering price is below the appraised value, providing immediate equity for the buyer. Since the time of the appraisal, the current owners have completed major renovations and upgrades across several units, further enhancing the property’s overall condition, rent potential, and long-term value.
PROPERTY FACTS
| Price | $975,000 | Lot Size | 2.90 AC |
| Price Per Unit | $75,000 | Building Size | 8,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 11.86% | No. Stories | 1 |
| No. Units | 13 | Year Built/Renovated | 1973/2022 |
| Property Type | Multifamily | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | RMH - Residential- Mobile Home | ||
| Price | $975,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 11.86% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 2.90 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 2.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMH - Residential- Mobile Home |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 13 | - | - |
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Presented by
Stipe Realty Group
Old Somerset Acres | 20303 Old Somerset Acres Ln
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