Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1664510
- Posted On: May 9, 2022
- Updated On: May 19, 2022
Description
MRV Group LLC is pleased to offer the sale of a 37 Spaces Mobile Home Park in the heart of the Space Coast in Brevard County. The Park is a very clean and well-maintained Mobile Home Community. The park offers superior low maintenance utilities, with both city sewer and water treatment serviced by the City of Titusville. There are 2 homes on rent to own contracts. One is ending in December 2023. The park owns an on-site lift station which is serviced routinely by the park.
This offering is an ideal Value-Ad Opportunity for a seasoned MHP Portfolio owner who is looking to grow their footprint in the Orange, Brevard and Volusia County area. Because of the high demand for affordable housing, the MH market rents in the area are expected to increase substantially in the near future. This, combined with the fact that the current rent is below market rents, creates a substantial opportunity to quickly raise the first year’s gross income. Also, the park is approved for 38 sites thus adding 1 more potential site.
Location
The City of Titusville is booming with development as a result of the huge resurgence of the Space Industry and its recent announcement to have civilians landing on the moon within the next several years.
Park Information
Community Type: | All Age |
Number of MH Lots: | 37 |
Total Occupancy: | 92.0 % |
Average MH Lot Rent: | $430 |
Size: | 6 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |