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4991 Highway 77 8 Unit Mobile Home Park $549,000 ($68,625/Unit) 6.43% Cap Rate Graceville, FL 32440
INVESTMENT HIGHLIGHTS
- Converted inn units offer stable monthly income
- Two wells and three septic systems onsite
- Eight RV spaces with long-term tenants
- Room to expand across 8.65 acres
EXECUTIVE SUMMARY
Excellent investment opportunity! Currently operated as Graceville Inn and RV Park. 6 Inn units were converted into efficiency units leased 7 month terms, 1 unit is used for storage but has a bathroom and can be converted into a rental. A separate building contains 2 more units. There are 8 RV spaces, and two efficiency ''cabin'' units. Gross rents are $7,000+/month with current tenants being long term. The site has 2 wells and 3 septic systems. The property also has a walk trail for the residents as well. With 8.65 acres total, there is plenty of room to expand.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $549,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $68,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 8.25 AC |
| Cap Rate | 6.43% | Building Size | 2,975 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| No. Units | 8 | Year Built/Renovated | 1959/2023 |
| Property Type | Multifamily |
| Price | $549,000 |
| Price Per Unit | $68,625 |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| Sale Condition | Business Value Included |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 8.25 AC |
| Building Size | 2,975 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2023 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Refrigerator
SITE AMENITIES
- Laundry Facilities
- Walking/Biking Trails
ABOUT 4991 HIGHWAY 77 , GRACEVILLE, FL 32440
Excellent investment opportunity! Currently operated as Graceville Inn and RV Park. 6 Inn units were converted into efficiency units leased 7 month terms, 1 unit is used for storage but has a bathroom and can be converted into a rental. A separate building contains 2 more units. There are 8 RV spaces, and two efficiency ''cabin'' units. Gross rents are $7,000+/month with current tenants being long term. The site has 2 wells and 3 septic systems. The property also has a walk trail for the residents as well. With 8.65 acres total, there is plenty of room to expand.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 15-6N-13-0000-0020-0000 | Improvements Assessment | $125,924 |
| Land Assessment | $32,250 | Total Assessment | $158,174 |
PROPERTY TAXES
Parcel Number
15-6N-13-0000-0020-0000
Land Assessment
$32,250
Improvements Assessment
$125,924
Total Assessment
$158,174
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