Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 681888
- Posted On: Jun 27, 2016
- Updated On: Jul 12, 2017
Description
-Potential Trophy Asset on Florida Coast.
-Extremely rare opportunity to acquire a gated, high quality 55+ MHC in Florida' s booming coastal seniors market.
-Opportunistic deal with approximately 30% MH occupancy and ideal home price points in the $40k to $60k range.
-Property was bought out of distress a couple years ago and significant work has been done to the community including upgrades or renovations to the clubhouse/office, amenities, roads, and entrance security gate.
-90 MH lots have been upgraded to also accommodate RVs to increase cash flow as the park is filled and to capture RV tenants to eventually become home owners.
-Impressive amenity package with a swimming pool, horseshoe pit, library, business center, gym, shuffleboard and card/game room.
-Community is on public utilities and may be a strong candidate to add submeters for water/sewer, which is currently included in rent.
Location
-Minutes from the beach, Sandhill Shores offers residents convenient access to Fort Pierce' s many waterfront attractions, restaurants and shops.
-Palm Beach International Airport is an hour to the south and serviced over 6.3 million passengers in the year that ended 2/29/2016. The Orlando International Airport is less than two hours from Fort Pierce and services over 40 million passengers annually.
-Fort Pierce Inlet State Park is minutes from the community and one of the area' s most popular attractions with annual visitation over 200,000.
-A wide range of entertainment options are a short drive from the property including multiple golf courses, the Sunrise Theater, the St. Lucie County Aquarium, waterfront parks, dolphin and whale watching, and the Navy Seal Museum.
-Fort Pierce is about a two-hour drive to some of Florida' s most popular tourist attractions in Orlando and Miami.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 376 |
| Size: | 58 acre(s) |
