Happy Acres Mobile Home Park

Happy Acres Mobile Home Park

Melbourne, FL
Available
  • Property Type: Manufactured Housing
  • Property Size: / 4.88 Acres / 32 Sites

Overview

Capstone Manufactured Housing is pleased to present Happy Acres Mobile Home Park. This offering features 31 sites and 1 commercial building across 5 acres in Melbourne, Florida. Located only 15 minutes away from Downtown Melbourne, the community is well-situated, surrounded by subdivisions of single-family homes. Since the median home price in $194,900, Happy Acres Mobile Home Park is one of the few affordable housing options in the area. Furthermore, the community’s lot rents are below market, providing a new owner the opportunity to increase rents to the market average. A new owner can also capitalize on the 89% occupancy by filling the existing 3 vacant park owned homes, which would increase occupancy to 100%. This offering presents investors the opportunity to acquire a well-located community with immediate rental upside.

 

Investment Highlights

  • Lot Rent Growth Potential
  • Upside in Filling Vacancy
  • Strong Location
  • Additional Revenue Stream—Be Back Lounge

Contact Information

Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Senior Advisor P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Brian Hummell Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
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