This 12-unit, mobile home park sits on 2.38 acres in Palatka, FL and offers investors an established income-producing asset in a high-demand affordable housing market. The park operates on well water and septic, helping keep operating costs manageable. With all rentable units currently occupied, the property delivers immediate cash flow and long-term investment potential. The expansive acreage provides flexibility for future opportunities, subject to zoning and buyer verification. A compelling option for investors seeking stable returns in North Florida.
Financial Considerations
Price:
$1,100,000
HOA Fee:
N/A
Tax Amount:
$4682
Price per SqFt:
$158.59
Tax Legal Description:
PT OF NE1/4 OF SW1/4 & PT OF NW1/4 OF SE1/4 OR334 P1881 (TRACT 3 FOREST HILLS NORTH)