Active

$424,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 2576 sq ft
Overview
  • ID: MFRTB8476394
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 2576 sq ft
Property Details
Remarks
This 4-pad manufactured home and RV community in Garden Grove (Brooksville, FL) delivers reliable, passive income with an approximate NOI of $42,000 and a 9 CAP rate. The property features four fully renovated, park-owned homes, ensuring minimal maintenance and steady tenant retention. Highlights: Turnkey Investment: All of the homes were beautifully renovated between 2020 and 2025, featuring new kitchens, baths, flooring, electrical systems, and HVAC units. Stable Cash Flow: Strong in-place rents with great local rental demand, drastically reducing your operating risk. Excellent Location: Situated right off Highway 41, providing seamless commuting and easy access to major regional routes. Local Area, Stores & Attractions: Situated in Florida's Adventure Coast, the community benefits from a mix of quiet natural beauty and everyday conveniences. Everyday Shopping: Groceries and daily errands are incredibly easy, with Publix Supermarket at Brooksville Square and Walmart Supercenter just minutes away. Dining & Entertainment: Residents can enjoy local favorites like the ?Florida Cracker Cook Shack or grab a casual bite at ?Drew's American Grill. Attractions: The area is known for its rich history and outdoor recreation, including the historic Chinsegut Hill Manor and beautiful nature trails at Tom Varn Park. Note: Please respect the tenants' privacy and do not disturb them. All property viewings must be scheduled in advance with the listing realtor.
Financial Considerations
Price:
$424,000
HOA Fee:
N/A
Tax Amount:
$4003
Price per SqFt:
$164.6
Tax Legal Description:
GARDEN GROVE BLK 25 LOTS 2 3 4 5
Exterior Features
Lot Size:
39000
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Electric
Cooling:
Central Air
Appliances:
Electric Water Heater, Range, Refrigerator
Furnished:
Yes
Floor:
Carpet, Laminate
Levels:
One
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1992
Construction Type:
Metal Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
None
Additional Features 2:
N/A
Map
  • Address
    18110 SPANGLER AVE
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