Halemont Brooksville, FL 34601

Beds: 40    Baths: 40    SqFt: 10,000

ARV: $1,900,000    Repairs: $100k     Rent: $20,000/mo (Market)

$1,150,000+cc 

For additional photos Click Here

Attention mobile home park investors. Incredible value-add opportunity with this 41 mixed-unit park. Solid location off Highway 50 near Downtown Brooksville. The investment consists of two parcels and the following unit mix:

-31 Mobile Homes (all park owned), 8 are vacant
-4 Vacant Spaces
-4 Unit Apartment Building
-1 Commercial zoned building with:
-3 bed 2 bath in front, and 1 bed 1 bath in the rear

Each mobile is separately metered for electric and is on city sewer. Park pays for water, sewer, and trash collection. Based on current limited records, the property is at least 35% vacant and these vacant units need to be repaired or replaced to make rental-ready again. Current occupied units are producing around $8000 in gross income. At full occupancy and after rental increases, we estimate the gross income potential to be over $20,000 per month. Your pro forma yield is a healthy 14%. Huge upside here as the property value at a 10% cap is $1,500,000 and at an 8% cap rate the value is $1,900,000. Seller financing is available with majority down.

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