Contact Information
Mobile Home Park Details
- Price: $625,000
- Listing ID: 6677277
- Posted On: Jul 25, 2024
- Updated On: Jul 25, 2024
Description
Osprey Point Homes
Osprey Point Village
Opportunity
1. Land Acquisition and Size:
- 640 acres purchased in February 2022.
- 855 acres acquired in August 2022.
- These acquisitions combine to a total of approximately 1,500 acres, positioning it to become the second-largest mobile home park in Florida. We own the land outright.
2. Investment Offer:
- Selling 1% ownership stakes in the entire project for $125,000 each. Selling 5% total for $625,000.
3. Project Details:
- The development will include a 3,500-pad mobile home park.
- All necessary approvals for the park's construction and operation have been secured.
4. Financials:
- $10 million has already been raised for this project in 2022.
- The valuation you would come in at $12.5 million.
- The land alone, even under immediate resale conditions ("fire sale"), is valued at $30 million.
5. Ownership Benefits:
- Each 1% investment covers:
- 1% of the land ownership.
- 1% ownership in the mobile home park business operating on this land.
- 1% of the net profits from selling mobile homes within this park.
6. Revenue Projections:
- Once fully operational and stabilized, the mobile home park is projected to generate $1.5 million in net profits per month. (Without factoring in lot rent increases)
- Sales of mobile homes are expected to net $50,000 per home. With 3,500 homes, this would total approximately $175 million in revenue from sales alone.
Last chance, Final 5% to be sold, become the third largest investor/owner in the second largest MHP in the state of Florida. Dealership is open and selling homes as we speak.
30+ years of experience selling MH’s and building similar developments.
Location
North Bay County, Southport Florida just north of Panama City
Amenities
- Pool
- Club House
- Storage
- Handicap Accessible
Park Information
Community Type: | All Age |
Number of MH Lots: | 3500 |
Year Built: | 2024 |
Average MH Lot Rent: | $600 |
Size: | 1,500 acre(s) |
Lot Information
Doublewide Lots: | 3500 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |