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Executive Summary

Stabilized/Turn-Key manufactured home community. Infrastructure renovated in 2021 and rents stabilized.
Asking price is $69,565/unit and 8.62% Cap Rate.
Property serviced by city water and on-site septic.
HIGH DEMAND area for affordable housing in a small, quiet community with easy access to World Famous Daytona Beach & I-95.

Property Facts

Price $2,191,928 CAD
Price Per Unit $95,301 CAD
Sale Type Investment
No. Units 23
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Low-Rise
Building Class C
Lot Size 1.62 AC
Building Size 8,368 SF
Average Occupancy 100%
No. Stories 1
Year Built 1958
Parking Ratio 0.36/1,000 SF
Opportunity Zone Yes
Zoning MH1

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Washer/Dryer
  • Ceiling Fans
  • Eat-in Kitchen
  • Refrigerator
  • Tub/Shower
  • Yard
  • Dining Room
  • Lawn
  • Patio
  • Porch

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 23 - -
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
4244-01-05-0024
Land Assessment
$761,882 CAD
Improvements Assessment
$202,015 CAD
Total Assessment
$963,897 CAD
  • Listing ID: 33742748

  • Date on Market: 2024-11-04

  • Last Updated:

  • Address: 1247 Lpga Blvd, Daytona Beach, FL 32117

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