Mobile Home Park

The Oasis at Zolfo Springs

937 Sabal Palm Dr, Zolfo Springs, FL 33890

Listing Price: $2,450,000

Cap Rate
5.00%
Number of Spaces
89
Lot Size
7.00 acres
Occupancy
100.0%
Price/Space
$27,528
Spaces/Acre
12.71
Year Built
1984

Investment Overview

Marcus & Millichap is proud to present the opportunity to acquire The Oasis at Zolfo Springs, an 89-space, all-age manufactured housing and RV resort located on 7 acres in Zolfo Springs, FL. The property is serviced by city water and city sewer and offers many amenities including a fishing lake, pool, clubhouse, and laundry facility. Priced at $2,450,000, which includes 8 brand new 2020 park-owned homes, the property is being offered at a current 5.00% cap, and has upside potential that allows an investor to achieve double digit returns. The property is located between Sebring and Bradenton, an hour from the Tampa MSA, and home to the Peace River and surrounding woods. The property offers many great outdoor activities, including hiking, camping, canoeing, kayaking, and fishing. There are strong opportunities to increase cash flow, so this property will appeal to any savvy investor who enjoys long term rent growth in a strong market.

Investment Highlights

  • CENTRALLY LOCATED: Across the street from an elementary school, 5 miles from a Walmart Supercenter, 3 blocks from US 17, an hour from the Tampa MSA
  • VALUE ADD OPPORTUNITY: Below market rents, opportunity to increase RV occupancy rates, opportunity to increase utility bill back, opportunity to transition RV lots to MH lots for more stabilized rent
  • STRONG DAY 1 CASHFLOW: MH lots are 100% occupied, 96% of RV sites booked for upcoming season

Exclusively Listed By

  • Jeff Benson

    Senior Vice President Investments

    (310) 909-5420

    Email Jeff

    License(s): CA: 01327285

    West Los Angeles

  • Kenneth Schefler

    Associate

    Email Kenneth

    License(s): CA: 02091391

    West Los Angeles

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Mobile Home Park

The Oasis at Zolfo Springs

Listing Price: $2,450,000

Cap Rate
5.00%
Number of Spaces
89
Lot Size
7.00 acres
Occupancy
100.0%
Price/Space
$27,528
Spaces/Acre
12.71
Year Built
1984

Investment Highlights

  • CENTRALLY LOCATED: Across the street from an elementary school, 5 miles from a Walmart Supercenter, 3 blocks from US 17, an hour from the Tampa MSA
  • VALUE ADD OPPORTUNITY: Below market rents, opportunity to increase RV occupancy rates, opportunity to increase utility bill back, opportunity to transition RV lots to MH lots for more stabilized rent
  • STRONG DAY 1 CASHFLOW: MH lots are 100% occupied, 96% of RV sites booked for upcoming season

Investment Overview

Marcus & Millichap is proud to present the opportunity to acquire The Oasis at Zolfo Springs, an 89-space, all-age manufactured housing and RV resort located on 7 acres in Zolfo Springs, FL. The property is serviced by city water and city sewer and offers many amenities including a fishing lake, pool, clubhouse, and laundry facility. Priced at $2,450,000, which includes 8 brand new 2020 park-owned homes, the property is being offered at a current 5.00% cap, and has upside potential that allows an investor to achieve double digit returns. The property is located between Sebring and Bradenton, an hour from the Tampa MSA, and home to the Peace River and surrounding woods. The property offers many great outdoor activities, including hiking, camping, canoeing, kayaking, and fishing. There are strong opportunities to increase cash flow, so this property will appeal to any savvy investor who enjoys long term rent growth in a strong market.

Exclusively Listed By

  • Jeff Benson

    Senior Vice President Investments

    (310) 909-5420

    Email Jeff

    License(s): CA: 01327285

    West Los Angeles

  • Kenneth Schefler

    Associate

    Email Kenneth

    License(s): CA: 02091391

    West Los Angeles

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower