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286 Heidt Rd 12 Unit Mobile Home Park $1,100,000 ($91,667/Unit) 11.33% Cap Rate Palatka, FL 32177
Investment Highlights
- Fully occupied 12-unit mobile home park generating immediate cash flow.
- Operates on well water and septic systems, reducing ongoing utility costs.
- Located on 2.38 acres, providing operational flexibility and potential for future expansion.
- Convenient access to area highways, local amenities, and employment hubs.
Executive Summary
This established 12-unit mobile home park offers an attractive investment opportunity in Palatka, Florida. Spanning 2.38 acres, the property features well-maintained units that are fully occupied, generating immediate and stable income. The park benefits from cost-efficient operations through well water and septic systems, reducing overhead expenses for owners.
Located in a region that continues to experience steady demand for affordable housing, this property delivers both short-term revenue stability and long-term potential for added value. Its layout and acreage may allow for future expansion or reconfiguration subject to zoning and buyer due diligence. With proximity to essential services, retail centers, and regional transportation corridors, this property represents a solid income-generating asset with opportunities for growth.
Located in a region that continues to experience steady demand for affordable housing, this property delivers both short-term revenue stability and long-term potential for added value. Its layout and acreage may allow for future expansion or reconfiguration subject to zoning and buyer due diligence. With proximity to essential services, retail centers, and regional transportation corridors, this property represents a solid income-generating asset with opportunities for growth.
Property Facts
| Price | $1,100,000 | Apartment Style | Garden |
| Price Per Unit | $91,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.38 AC |
| Cap Rate | 11.33% | Building Size | 500 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| No. Units | 12 | Year Built | 1965 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | AG - Agricultural Zoning-intended to preserve land for farming, livestock raising, and other agricultural uses | ||
| Price | $1,100,000 |
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| Cap Rate | 11.33% |
| Sale Condition | Business Value Included |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.38 AC |
| Building Size | 500 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
| Zoning | AG - Agricultural Zoning-intended to preserve land for farming, livestock raising, and other agricultural uses |
About 286 HEIDT RD , PALATKA, FL 32177
286 Heidt Rd in Palatka, Florida, consists of a 12-unit mobile home park on 2.38 acres. Constructed in 1965, the property measures approximately 7,130 square feet and is served by a dirt frontage road. It includes well water and septic systems. The parcel falls within Putnam County and is positioned in proximity to Crill Avenue and South Palm Avenue.
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Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-10-26-0000-0253-0160 | Improvements Assessment | $157,280 |
| Land Assessment | $120,000 | Total Assessment | $277,280 |
Property Taxes
Parcel Number
23-10-26-0000-0253-0160
Land Assessment
$120,000
Improvements Assessment
$157,280
Total Assessment
$277,280
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286 Heidt Rd