For Sale $1,900,000.00 - RV/Mobile Home Park
This mobile home park has several amenities that most other mobile home parks do not have.
The owner has made significant changes and improvements. Transitioned all short term tenants to long term, replaced old broken down trailers and homes with newer and better conditioned trailers and the quality of tenants.
Peace River Park is conveniently located 7 miles east off I-75 in Punta Gorda & approximately 40 minutes from Fort Myers, FL.
The overall property is made up of 6 separate parcels, which one parcel is a private island that has water and electricity available to it, with 4 fishing piers. It also includes:
- 36 Units
- 3 Apartments
- Office Building
- Well Room – Septic System – running 9 separate septic tanks throughout
- Local Public Bathroom Facility – CBA (2)
- Storage Area – that can easily be converted into a clubhouse for community events & gatherings.
- Residing On-Site Park Manager
- Is provided free rent and small salary.
- Duties include lawn maintenance, small repairs, collects rent, collects tenant applications, and is responsible for the overall cleanliness and organization of the entire park.
As of Feb. 2021: 92% Occupancy
CAP Rate disclosed with 3 Vacancies
Total of 6 Parcels (4 Waterfront)
Parcels: (Please see reference photos)
- Lot 10: Office building & parking lot, bridge to access the island & waterfront
- Lot 11: Apartment – CBS – 2/1 plus bonus room, Trailer – owned by park & waterfront
- Lot 14: Waterfront, Duplex, Boat Ramp, Block “C” – 32 Lots
- Lot 1: Lots 33-35 plus well house
Minor repairs needed to one of the duplex units, owner in process to get estimates for repairs. TBD.
The overall park and the circular drive has been improved significantly and more is underway. The parcels all inclusive to the sale are spaced out in close proximity, some waterfront, and all surrounded by the 32 unit Block C interior island and Lot 1 on the corner.
Existing income & future occupancy based on the increased lot rents, improved trailers, and mobile homes which will boast the gross income to over $22K/month.
The owner may consider holding paper with a substantial down payment and a fair market interest rate. Potential additional income from the island for camping/fishing recreational sites.
Coin operated laundry produces approximately $200/month which is not listed on the P & L.
The island has water and electricity.
PLEASE download and sign non-disclosure form and return to review financials & expenses.