Sunny Ridge Mobile Home Park Florida

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Property type: Mobile Home Park

Description

Sunny Ridge Mobile Home Park is a 51 unit manufactured home subdivision with 42 permanently installed park-owned homes. 34 of the existing homes have been installed since 2007. Three of those units were purchased within the past two years. Three tenants own their own homes and rent home-sites from the park. The Sunny Ridge Mobile Home Park provides an investor with an outstanding opportunity to obtain a well-manicured and maintained tree shaded community with a strong rent roll and minimal vacancy. The park has an additional 6 vacant spaces, ready for new homes providing substantial upside potential.

Property Highlights
• 45 unit mobile home park located in the heart of Central Florida

• Includes 42 park owned models

• 31 units purchased and installed in 2006-2007

• Park-owned unit occupancy is currently 95.6%

• Long term tenants.

• City water and sewer.

• Well managed and maintained

• Attractive current investment yields

• Lease-up of 6 vacant sites provides substantial value-add opportunity

• Great opportunity and easy to manage for first time investor or absentee owner

Contact the Agent

Mike Fry

President of Investment Sales
Mike Fry has an extraordinary record of success dating back to 1992 with expertise in brokerage, asset management, RV resort site selection and development, asset repositioning, construction, and valuation