Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Cap Rate: 7.4%
  • Listing ID: 882385
  • Posted On: Nov 29, 2017
  • Updated On: Jul 12, 2018

Description

Capstone is pleased to present this 55+ community comprised of more than 40 sites ideally located on Florida’s Space Coast. The park boasts a fantastic location, with world-class beaches less than a mile from the property. Led by expansions of major employers such as Lockheed Martin and Space X, the Melbourne MSA has seen significant job growth over the past several years. There are several major value-add opportunities to keep pace with the market, including rental growth and implementation of a utility reimbursement program. The Space Coast MH Community presents an attractive opportunity for investors looking to acquire a well-maintained asset in one of Florida’s most robust affordable housing markets.

Community Profile

55+ Community
No HOA
City Water & Sewer

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Park Information

Community Type: 55 And Over
Number of MH Lots: 46
Total Occupancy: 93.0 %
Year Built: 1958
Size: 4 acre(s)

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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