Contact Information
Mobile Home Park Details
- Price: $4,000,000
- Cap Rate: 7.5%
- Listing ID: 2029326
- Posted On: Feb 3, 2023
- Updated On: Feb 3, 2023
Description
Capstone is pleased to present Dove Rest RV Park, a 145-site RV & MH park in Marianna, FL. This tranquil park is well-positioned right off Interstate-10, which provides easy access to nearby Historic Downtown Marianna, Blue Springs, as well as the state capital, Tallahassee. This offers guests a wide variety of attractions to visit and on-site amenities, including tent sites, a barbecue area, bathhouses, complimentary Wi-Fi at all sites, and a nature garden to enjoy. The RV sites are 50% transient and 50% extended stay, and in addition to these sites, there are permanent residents that live in the manufactured housing section of the community. Additionally, this community has been approved for 75 expansion sites leaving plenty of room to bring in park models. RV rents are below market, providing a new owner the opportunity to increase income by raising rates. This offering presents investors with an opportunity to acquire an RV park in the Tallahassee MSA with great accessibility to nearby attractions and expansion potential.
Investment Highlights:
145 Total Sites in the Tallahassee MSA
Below-Market RV Rents and Expansion Potential
Frontage Along I-10 with Increasing RV Income/Demand
Proximity to Blue Springs & Historic Downtown Marianna
On-Site Amenities Including Tent Sites, BBQ Area, & Free Wi-Fi
100% Occupancy at the MH Portion of The Park
Public Water & Sewer
Park Information
Number of MH Lots: | 145 |
Total Occupancy: | 100.0 % |
Size: | 26 acre(s) |
Utility Information
Water: | City |
Sewer: | City |