Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 9.0%
  • Listing ID: 3481824
  • Posted On: Aug 4, 2023
  • Updated On: Dec 4, 2023

Description

Value-add opportunity, Sterlingwood at Lake Weir comprises 45 total units situated on two rectangular parcels, totaling approximately 5 fee-simple acres. Total units consists of rental mobile homes, RV rental units, rental lots, cottages, and houses. With the region responding to Marion County's surging housing demand, the property promises appreciable returns. Rare investment opportunity in Sterlingwood at Lake Weir MH & RV Park! Acquire a non-core asset at a discounted price. The seller is motivated for a quick sale, so you can capitalize without lengthy negotiations. For access to the complete Offering Memorandum please register at the following link: https://www.leisurepropertiesgroup.com/master-planned-communities-for-sale-united-states/

Location

Accessibility to major roads and highways, including U.S. Highway 441 (20 mins to Leesburg, 30 mins to Ocala), State Road 40 (30 mins to Orlando, 45 mins to Gainesville), and Florida's Turnpike (90 mins to Tampa, 2 hours to Miami), ensures convenience for residents and tenants alike.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Size: 5 acre(s)

Financial Information (Actual)

Net Operating Income: $170,581

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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