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4920 E Parsons Point Rd 13 Unit Mobile Home Park $1,160,000 ($89,231/Unit) 6.04% Cap Rate Hernando, FL 34442
INVESTMENT HIGHLIGHTS
- All homes are park-owned for simplified management
- Fully Remodeled Units, room to add more units
- Located near Ocala, Tampa, and Orlando employment hubs
- Scenic setting close to Tsala Apopka Lake and Nature Coast amenities
EXECUTIVE SUMMARY
The property generates approximately $7,300 in gross monthly income, with significant room for rent increases across all units. Infrastructure is robust and investor-friendly, featuring a private well with a new filtration system (installed in 2023), five septic tanks servicing nine homes, individual electric meters, paved roads, and dedicated trash service. The park is DBPR licensed, with water reports available, and sits in Flood Zone X—eliminating flood insurance requirements.
Residents enjoy a serene, park-like setting enhanced by mature fruit trees that provide seasonal harvests and natural shade. Current ownership has invested heavily in landscaping and curb appeal, creating a welcoming environment that promotes tenant retention. Centrally located in Florida’s Nature Coast, the property offers easy access to lakes, rivers, and Gulf Coast recreation, including the Tsala Apopka Lake chain for boating, kayaking, and world-class fishing. Major metros like Ocala, Tampa, and Orlando are within reach, offering employment opportunities while preserving a peaceful small-town atmosphere.
Additional upside includes 4–5 vacant pads, potential RV expansion, and zoning for manufactured housing (buyer to verify). With strong tenant demand and exceptional growth potential, this property represents a rare opportunity in a highly desirable region.
PROPERTY FACTS
| Price | $1,160,000 | Building Class | C |
| Price Per Unit | $89,231 | Lot Size | 1.30 AC |
| Sale Type | Investment | Building Size | 30,000 SF |
| Cap Rate | 6.04% | Average Occupancy | 100% |
| Sale Condition | Business Value Included | No. Stories | 1 |
| No. Units | 13 | Year Built/Renovated | 1973/2025 |
| Property Type | Multifamily | Parking Ratio | 0.3/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Apartment Style | Single-Family Home | ||
| Zoning | CLRMH - Commercial | ||
| Price | $1,160,000 |
| Price Per Unit | $89,231 |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Sale Condition | Business Value Included |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2025 |
| Parking Ratio | 0.3/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CLRMH - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Freezer
- Lawn
ABOUT 4920 E PARSONS POINT RD , HERNANDO, FL 34442
Bobby B’s Mobile Home Park offers investors a rare opportunity to acquire a well-positioned, income-generating asset in Hernando, Florida. Spanning approximately 1.3 acres, this DBPR-licensed community features all park-owned homes, providing simplified management and greater operational control. The property currently includes 13 approved lots, with nine homes in place—eight occupied and one in lease-up—delivering strong in-place cash flow and immediate upside through stabilization. Located in Citrus County’s scenic Nature Coast, the park benefits from proximity to major employment hubs in Ocala, Tampa, and Orlando, while offering residents a tranquil setting near Tsala Apopka Lake Chain and abundant outdoor recreation. Mature fruit trees and landscaped grounds enhance tenant retention, and private well and septic systems help reduce utility expenses. With rents currently below market levels, there is significant potential for income growth.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 2+2 | 2 | - | - |
| 3+2 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 19E-18S-24-0010-00060-0270 | Improvements Assessment | $105,550 |
| Land Assessment | $43,340 | Total Assessment | $148,890 |
PROPERTY TAXES
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4920 E Parsons Point Rd
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