Legacy mobile home park being offered for sale for the 1st time by it's owners. Established in 1952 this 263 lot, 28.87 acre community is uniquely located within city limits and connected to municipal water and sewer. Picturesque setting with lots nestled among majestic old Florida grandfather oaks and waterfront views. Each lot is independently metered for water and sewer by the city. The site is adjoined by a 34 acre city park that features a community center, water park, 5 lighted tennis courts, handball, fishing, picnic pavilions with picnic tables, barbecue grills, horseshoe pits, playground equipment, and a 5/8s of a mile lakeside fitness path. Mobile home park residents have secure gated access to the city park via private sidewalk. Included in the sale is a furnished community recreation hall with commercial kitchen and library, park office with 3bed/2bath manager's residence, tournament grade indoor and outdoor shuffleboard facility, 3 irrigation wells, maintenance barn, and storm water lift/pump stations. This community offers excellent upside potential and great cap rates with flexibility for upgrading units and rent rate adjustments. Current RU land use designation permits a residential density of 7.5 units/acre. Current "grandfathered" density is 9.1 units/acre. Excellent investment opportunity to use in a 1031 exchange or buy, hold, rent then use in a future redevelopment for a mixed use commercial and multifamily project. Prospective buyers required to sign a non-disclosure agreement for access to park financials.

Home Facts
Status
Active
Time on Redfin
5 days
Property Type
Residential Income, Multi-Family
Year Built
1954
Community
METES AND BOUNDS
Lot Size
28.87 Acres

Buyers agent: Anthony Giuffrida - La Rosa Realty.
PLEASE CONTACT: info@floridamobilehomeparksforsale.com

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