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Address is 5000 Se 183rd Ave. Ocklawaha, FL 32179

Todd Fletcher

ARA MHC Group

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Lake Bryant MHC & RV Park

Multi Family Housing for Sale in Ocklawaha, Florida

5000 Se 183rd Ave.
Ocklawaha, FL 32179

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Sale Price: $1,350,000
 

Contact Information

Todd Fletcher
ARA MHC Group

Mobile Home Park for Sale

(Distressed)
This property is in default, REO or in foreclosure.
Number of MH Lots: 84
Size: 43.5 acre(s)
Purchase Method: Cash, New Loan
Status: Sale Pending
Property ID: 409678
Posted on: Oct 14, 2013
Updated on: Apr 21, 2014
Price: $1,350,000

Property Description

Opportunity to acquire a large, scenic, low density, REO community with 84 MH sites and 96 RV sites with frontage on beautiful Lake Bryant in the heart of the Ocala National Forest.

The MH operations are nearly full, producing steady cash flow from month to month.

RV spaces available for daily, weekly, and monthly rental.

Outstanding management turnaround opportunity - the community is being offered at an attractive basis with the potential to stabilize RV operations through a comprehensive marketing effort.

Potential expansion opportunity to build out 19 additional undeveloped sites.

Ability to start charging guest fees like local competitors.

Amenities offered to residents and guests include a private on-site beach with lake access, a new boat ramp, a spacious clubhouse built in 2004, a community store, shuffleboard, horseshoes, volleyball, and basketball.

Lake Bryant is known as a premier trophy bass fishing location.

Although the wastewater treatment plant will possibly require a capacity upgrade as occupancy in the park improves, a recent smoke test determined the PVC lines throughout the community appear to be in good condition.

Location Description

The community is in close proximity to some of Central Florida's most popular vacation destinations, including Daytona Beach 60 miles to the East, and Disney World only 75 miles to the South.

Park Information

Number of MH Lots:84
Year Built:1969
Average MH Lot Rent: $305
Size:43.5 acre(s)

RV Information

Number of RV Lots:96

Utility Information

Water:City
Sewer:Treatment Plant

Amenities and Other

Club House: Yes