Mobile Home Park Details

  • Distressed: This property is in default, REO or in foreclosure.
  • Purchase Method: Cash, New Loan
  • Listing ID: 409678
  • Posted On: Oct 14, 2013
  • Updated On: May 20, 2014

Description

Opportunity to acquire a large, scenic, low density, REO community with 84 MH sites and 96 RV sites with frontage on beautiful Lake Bryant in the heart of the Ocala National Forest.

The MH operations are nearly full, producing steady cash flow from month to month.

RV spaces available for daily, weekly, and monthly rental.

Outstanding management turnaround opportunity - the community is being offered at an attractive basis with the potential to stabilize RV operations through a comprehensive marketing effort.

Potential expansion opportunity to build out 19 additional undeveloped sites.

Ability to start charging guest fees like local competitors.

Amenities offered to residents and guests include a private on-site beach with lake access, a new boat ramp, a spacious clubhouse built in 2004, a community store, shuffleboard, horseshoes, volleyball, and basketball.

Lake Bryant is known as a premier trophy bass fishing location.

Although the wastewater treatment plant will possibly require a capacity upgrade as occupancy in the park improves, a recent smoke test determined the PVC lines throughout the community appear to be in good condition.

Location

The community is in close proximity to some of Central Florida's most popular vacation destinations, including Daytona Beach 60 miles to the East, and Disney World only 75 miles to the South.

Amenities

  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 84
Year Built: 1969
Average MH Lot Rent: $305
Size: 44 acre(s)

RV Information

Number of RV Lots: 96

Utility Information

Water: City
Sewer: Treatment Plant

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