2100 Ridge Dr
Avon Park, FL 33825
Ridge Drive Mobile Home Park · Multifamily Property For Sale · 49,820 SF

Mobile Home Park for sale on the shores of Lake Brentwood in Avon Park (South Central Florida.). This property has been owned by a single family for over 15 years and includes a duplex, seven single wide mobile home lots rented to tenants with individually owned mobiles, one double wide mobile home lot rented to tenant, one mobile home on owned lot\ with tenant, and one single wide mobile home on lot without current tenant under total construction. Total current rent opportunities are 8 lot rents, 2 park owned mobile homes and each side of park owned duplex (12 total). All renters are on month to month contracts currently. The park is permitted for additional sites. The property features over 85 feet of US Hwy 27 footage and over 150 feet of lakefront approved for docks and a new submersible well pump. Low maintenance park for potential owner. Current rents are below market and short term rents enabling a transition to optimal rates. Current estimated gross yearly income of approximately $55K and an estimated potential for $85K of yearly gross income with little investment. Quality highway exposure, waterfront, and family cared for property with a potential estimated CAP rate of 10-12%, and an estimated ROI of less than 7.5 years makes for an attractive investment.