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The property consists of a total of 15 acres, and 10 of those acres are utilized as a mobile home/RV park. The contiguous 5 acres are zoned vacant residential land, single family. Could be used as a future community development. The park has a total of 109 lots: mixed M.H./RV and 1 rental house. All units are tenant owned. Public utilities with the exception of the water. All lots are separately metered. There's an office/clubhouse, and laundry room. All paved roads with plenty of street lights. Seasonal park with a tremendous cash flow. Rent increase of $20/per lot as of May.2015.
Legacy Cove apartments is a newly (2010) renovated apartment complex made up of six one-story buildings. The 2010 renovations included all new central HVAC systems and kitchens and baths and tile flooring throughout. There is 38,720 rentable square feet in this 64 unit complex that is made up of 63 two-bedroom/one-bath units, and a single one-bedroom/one-bath unit, plus an on-site laundry facility.
DRASTICALLY REDUCE FROM ORIGINAL ASKING PRICE OF $1,200,000. Sycamore Gardens is a 31 Unit Apartment Building That features interior block walls, new A/C and heat wall units,new kitchens and bathrooms, appliances, new plumbing and electrical reconfiguration, and interior renovations. The unit mix consists of 31 one-bedroom and one-bathroom units with approximate size of 425 rentable square feet, 1 two-bedroom unit and one bathroom units with approximate size of 850 square feet.Presently, the units are being rented for $450 to $475. Which is 7-10% below market.
PRP is pleased to present a combined 32- unit bulk offering in the Space Coast! A total of 18-units (9 duplexes) are situated in the heart of Cocoa, and 14 apartment units (two 2-story buildings) are located in a pristine area of Titusville, FL. All units are 100% occupied with a waiting list for occupancy and the demand for individual owner occupant units are in high demand. The 9 duplexes located in Cocoa, FL were built in 1985 with an average square footage of 870, each unit is obtaining rents of $621 monthly. Two 2-story apartment buildings housing a total of 14 units are located in a Class A location of Titusville, situated between Royal Oaks Golf Course and La Cita Golf Course Communities. Site is less than one mile from the beach, and has little to no deferred maintenance. Built in 1985 average units are 818 square feet obtaining an average rent of $604 per month. 100% occupied with a 10.2% in-place cap. This is a unique opportunity for an investor to acquire two stable and cash flowing properties, a total of 32-units, at a blended cap rate of 10.4%!
$995,000Size Upon Req.
Dixie Park is an extremely clean and well managed 55 +, Senior Community. It consists of 34 pads with lot rents of $330/month including water. Pads are individually metered for water. The Park is serviced by both City Water and Sewer. Expenses are limited as outlined in the 3 year cash flows (2 years actual and 2016). A current assumable loan is in place with a regional bank, The balance is $505K at 5%. Titusville is booming with economic development this year and is home to the new Space X program Employment growth has been driven by expansion of not only by SpaceX, but a variety of other diverse industries to include, Parrish Hospitals (Assisted Living Facilities, Hospital, medical equipment), and a new contract with Northrup Grumman at the regional airport.