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Address is 240 7th St. Daytona Beach, FL 32117

Kevan Enger

Capstone Florida

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Iowa Mobile Home Park

Mobile Home Park for Sale in Daytona Beach, Florida

240 7th St.
Daytona Beach, FL 32117

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Sale Price: $3,700,000

Contact Information

Kevan Enger
Capstone Florida

Mobile Home Park for Sale

Number of MH Lots: 16
Size: 0.7 acre(s)
Status: Active
Property ID: 919883
Posted on: Apr 17, 2018
Updated on: Apr 17, 2018
Price: $3,700,000

Property Description

Iowa MHP is part of a 2-property portfolio valued at $3.7M.

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Capstone Manufactured Housing is pleased to present two mobile home parks in Daytona Beach, FL. This portfolio presents the opportunity for investors to enter one of Florida’s most attractive rental markets with assets possessing significant upside potential. The properties are well-located within the Daytona Beach MSA, north of the main intersection of US-1 and US-92, and less than 5 miles from I-95, a key travel channel for the entire East Coast. Both parks currently pay for all water, sewer, and trash expenses. When combined with below market rents, new ownership can capitalize on a clear financial upside to recapture the utilities expense while raising rents to market rates. This unique investment offering presents the opportunity to acquire assets in a stable rental market that feature several value-add opportunities.

Park Information

Number of MH Lots:16
Total Occupancy:100.0%
Year Built:1970
Size:0.7 acre(s)

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:4