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San Mateo Estates - MH/RV Park / Multi Family 471 San Mateo Rd 91 Unit Mobile Home Park $4,630,965 CAD ($50,890 CAD/Unit) 8.51% Cap Rate San Mateo, FL 32187
EXECUTIVE SUMMARY
TREMENDOUS UPSIDE BY LEASING THE 24 UNOCCUPIED MOBILE HOME LOTS, WHICH COULD YIELD A $100,000 NOI INCREASE WITHOUT RAISING LOT RENT, SIMPLY BY FILLING THESE VACANT SPACES!
INCREASE PROPERTY VALUE BY $1,000,000 JUST BY MAXIMIZING OCCUPANCY!
LESS THAN $37,000 PER UNIT
Property Overview
This property is situated in San Mateo, FL, a tranquil and picturesque area in Putnam County, Florida. Conveniently located midway between Orlando and Jacksonville, it’s less than an hour from the beaches of St. Augustine and Daytona.
San Mateo Estates is an established, mixed-use mobile home and RV community with IMMENSE potential. Spanning 36.26 acres, the property includes:
57 mobile home lots – 21 park-owned homes (including the office and manager’s residence) are included in the sale.
33 RV lots
24 vacant lots PRIMED for income generation
Current Operations
Mobile Home Occupancy: 32 of 57 lots occupied (56%)
RV Occupancy: 14 of 34 lots occupied (42%)
Additional Income Streams: Warehouse lease, farm lease, vehicle/boat/RV storage, potential apartment rental space.
Gross Income History:
2024: $560,731
2023: $526,173
2022: $535,364
Included Park-Owned Home Inventory:
Multiple 2019 Clayton models, a 2008 Springfield, and other rentable units.
Total estimated retail value: $873,131.
Investment Potential:
There is considerable opportunity to enhance occupancy and increase rental rates to market levels. With vacant pads ready for tenants and untapped storage/apartment income, the park could be transformed into a highly profitable venture.
Please email lia@florentineholding.com for more information
Amenities & Features
This turnkey park offers multiple amenities that enhance resident satisfaction and boost potential rental income:
Office building
Swimming pool
Clubhouse
Laundry facilities with restrooms
Several stocked ponds
Fenced livestock area with barn with a yearly tenant
Large steel storage building with a yearly tenant
INCREASE PROPERTY VALUE BY $1,000,000 JUST BY MAXIMIZING OCCUPANCY!
LESS THAN $37,000 PER UNIT
Property Overview
This property is situated in San Mateo, FL, a tranquil and picturesque area in Putnam County, Florida. Conveniently located midway between Orlando and Jacksonville, it’s less than an hour from the beaches of St. Augustine and Daytona.
San Mateo Estates is an established, mixed-use mobile home and RV community with IMMENSE potential. Spanning 36.26 acres, the property includes:
57 mobile home lots – 21 park-owned homes (including the office and manager’s residence) are included in the sale.
33 RV lots
24 vacant lots PRIMED for income generation
Current Operations
Mobile Home Occupancy: 32 of 57 lots occupied (56%)
RV Occupancy: 14 of 34 lots occupied (42%)
Additional Income Streams: Warehouse lease, farm lease, vehicle/boat/RV storage, potential apartment rental space.
Gross Income History:
2024: $560,731
2023: $526,173
2022: $535,364
Included Park-Owned Home Inventory:
Multiple 2019 Clayton models, a 2008 Springfield, and other rentable units.
Total estimated retail value: $873,131.
Investment Potential:
There is considerable opportunity to enhance occupancy and increase rental rates to market levels. With vacant pads ready for tenants and untapped storage/apartment income, the park could be transformed into a highly profitable venture.
Please email lia@florentineholding.com for more information
Amenities & Features
This turnkey park offers multiple amenities that enhance resident satisfaction and boost potential rental income:
Office building
Swimming pool
Clubhouse
Laundry facilities with restrooms
Several stocked ponds
Fenced livestock area with barn with a yearly tenant
Large steel storage building with a yearly tenant
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Grill
- Maintenance on site
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,049,852 CAD (2024) | |
| Land Assessment | $1,790,526 CAD (2024) | Total Assessment | $5,840,378 CAD (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,790,526 CAD (2024)
Improvements Assessment
$4,049,852 CAD (2024)
Total Assessment
$5,840,378 CAD (2024)
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San Mateo Estates - MH/RV Park / Multi Family | 471 San Mateo Rd
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