Log In/Sign Up
Your email has been sent.
Old Somerset Acres 20303 Old Somerset Acres Ln 13 Unit Mobile Home Park $1,332,767 CAD ($102,521 CAD/Unit) 11.86% Cap Rate Spring Hill, FL 34610
Investment Highlights
- Located in fast-growing Spring Hill, FL market
- Recent renovations enhance rent potential and value
- Fully park-owned 13-unit mobile home community
Executive Summary
The property at 20312 Old Somerset Acres Lane is a 13-unit mobile home park located in the rapidly growing market of Spring Hill, FL. This investment opportunity offers stable cash flow and significant potential for value-add improvements, making it an attractive option for both seasoned investors and those entering the mobile home park sector. All 13 units are park-owned, providing strong control over operations and consistent income.
An appraisal report is attached, and the offering price is below the appraised value, providing immediate equity for the buyer. Since the time of the appraisal, the current owners have completed major renovations and upgrades across several units, further enhancing the property’s overall condition, rent potential, and long-term value.
An appraisal report is attached, and the offering price is below the appraised value, providing immediate equity for the buyer. Since the time of the appraisal, the current owners have completed major renovations and upgrades across several units, further enhancing the property’s overall condition, rent potential, and long-term value.
Property Facts
| Price | $1,332,767 CAD | Lot Size | 2.90 AC |
| Price Per Unit | $102,521 CAD | Building Size | 8,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 11.86% | No. Stories | 1 |
| No. Units | 13 | Year Built/Renovated | 1973/2022 |
| Property Type | Multifamily | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | RMH - Residential- Mobile Home | ||
| Price | $1,332,767 CAD |
| Price Per Unit | $102,521 CAD |
| Sale Type | Investment |
| Cap Rate | 11.86% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 2.90 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 2.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMH - Residential- Mobile Home |
Amenities
Unit Amenities
- Air Conditioning
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 13 | - | - |
Property Taxes
| Parcel Number | 14-24-18-0040-00000-0150 | Improvements Assessment | $157,729 CAD |
| Land Assessment | $869,282 CAD | Total Assessment | $1,027,012 CAD |
Property Taxes
Parcel Number
14-24-18-0040-00000-0150
Land Assessment
$869,282 CAD
Improvements Assessment
$157,729 CAD
Total Assessment
$1,027,012 CAD
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Stipe Realty Group
Old Somerset Acres | 20303 Old Somerset Acres Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.