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344-380 San Jose, Mobile Home Park 380 San Jose St 16 Unit Mobile Home Park $1,295,000 ($80,938/Unit) 11.20% Cap Rate North Fort Myers, FL 33903
Investment Highlights
- Established mobile home park with 16 active homesites and zoning for a total of 23 lots.
- Public water access, 14 working septic systems, and tenant responsibility for utilities.
- Opportunity to develop additional lots for increased revenue and long-term growth.
- Seven park-owned units renovated, supported by low operating costs and stable tenants.
- Gross revenue approximates $145,000 annually; several rents below market rates offer value-add upside.
- Close to major highways, shopping, and employment centers in the vibrant Southwest Florida region.
Executive Summary
This offering represents a stabilized mobile home park investment with significant upside potential in North Fort Myers, Florida. Spanning roughly 2.65 acres and accommodating up to 23 lots, the property currently operates with 16 occupied spaces, including both park-owned and tenant-owned homes. Seven additional lots remain undeveloped, providing a value-add opportunity for new owner-operators to increase revenue.
The asset generates strong income with gross annual revenue near $145,000 against modest expenses of approximately $18,000, reflecting healthy cash flow dynamics. Current ownership practices efficient management, with tenants paying utilities and primarily submitting rent electronically. Most park-owned units have been remodeled, and occupancy remains near 100%, supported by solid screening practices. Public water service, 14 functioning septic systems, and stable tenant relationships further enhance operational reliability.
Located within Lee County, the property benefits from proximity to Cape Coral, Fort Myers, major retail corridors, and regional connectors, offering enduring demand for affordable housing. This property is an ideal acquisition for experienced operators or investors seeking a cash-generating asset with further development potential.
The asset generates strong income with gross annual revenue near $145,000 against modest expenses of approximately $18,000, reflecting healthy cash flow dynamics. Current ownership practices efficient management, with tenants paying utilities and primarily submitting rent electronically. Most park-owned units have been remodeled, and occupancy remains near 100%, supported by solid screening practices. Public water service, 14 functioning septic systems, and stable tenant relationships further enhance operational reliability.
Located within Lee County, the property benefits from proximity to Cape Coral, Fort Myers, major retail corridors, and regional connectors, offering enduring demand for affordable housing. This property is an ideal acquisition for experienced operators or investors seeking a cash-generating asset with further development potential.
Property Facts
| Price | $1,295,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $80,938 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.65 AC |
| Cap Rate | 11.20% | Building Size | 8,467 SF |
| Sale Condition | Business Value Included | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | MF - multifamily | ||
| Price | $1,295,000 |
| Price Per Unit | $80,938 |
| Sale Type | Investment |
| Cap Rate | 11.20% |
| Sale Condition | Business Value Included |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.65 AC |
| Building Size | 8,467 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | MF - multifamily |
About 380 SAN JOSE ST , NORTH FORT MYERS, FL 33903
The site consists of approximately 2.65 acres in the Palmona Park subdivision of Lee County. It is improved with multiple manufactured housing units and allowed capacity for additional lots. The asset operates within a mobile home park setting and is supported by public water and onsite septic infrastructure. The property is situated near primary regional routes within North Fort Myers municipal structure, providing connectivity to Cape Coral and the broader Fort Myers metropolitan area.
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Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 34-43-24-02-00018.0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $185,808 |
Property Taxes
Parcel Number
34-43-24-02-00018.0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$185,808
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344-380 San Jose, Mobile Home Park | 380 San Jose St