Contact Information

Mobile Home Park Details

  • Price: $2,400,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.5%
  • Property ID: 1343705
  • Posted On: Oct 20, 2020
  • Updated On: Dec 4, 2020

Property Description

100Units.com presents Cypress Shores Mobile Home Park, consisting of 33 mobile home lots and two single-family homes, situated on 8.62 acres over 3 adjacent parcels (907 and 5864 and 5802 Cypress Shores). This property has over 443 feet of lake frontage and 474 feet of frontage on West Oak Ridge Road and is a total of 8.62 acres (5.7 acres uplands and 2.92 acres of wetlands). This property is an excellent redevelopment opportunity. The property may be redeveloped for up to 50 residential units with the current R-T zoning or up to 107 residential units with a change in zoning to R-3, similar to the R-3 zoning of the adjacent parcel to the West.
Most park owned mobile homes have been renovated.
Ideally located close to downtown Orlando, just 15 minutes from the Orlando International Airport & nearby Millenia and Florida Malls. Also located 20 minutes from Sea World, Universal Studios, Walt Disney World Resort, and other main attractions in Orlando. The South Orlando YMCA Family Center is only one block East on Oak Ridge Road. West.
Ideally located close to downtown Orlando, just 15 minutes from the Orlando International Airport & nearby Millenia and Florida Malls. Also located 20 minutes from Sea World, Universal Studios, Walt Disney World Resort, and other main attractions in Orlando. The South Orlando YMCA Family Center is only one block East on Oak Ridge Road.

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Park Information

Community Type: All Age
Number of MH Lots: 35
Year Built: 1957
Size: 9 acre(s)

Financial Information (Pro Forma)

Gross Income $299,820
Operating Expense $71,868
Net Operating Income $227,952
Expense Ratio 24.0 %
Debt Info

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $863

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