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Investment Opportunity: Skyview Acres AG Mobile Home Park
Address: 5025 Emerson Road, Brooksville, FL 34601
Discover Skyview Acres, a promising AG mobile home park located on a spacious 10-acre parcel. This unique opportunity features a master site plan that was previously approved for 9 units. Currently, planning and zoning has approved the installation of 3 of the 9 units (Lots 2, 3, and 4), and the property owner is actively working to have the remaining 6 units reauthorized for use.
The park owner has already secured three quality mobile homes for the site:
1998 Fleetwood (16 x 76): 3 bedrooms, 2 bathrooms
1999 Fleetwood (16 x 76): 3 bedrooms, 2 bathrooms
2018 Live Oak (16 x 76): 3 bedrooms, 2 bathrooms
These units are in the process of being moved and installed, with the owner actively seeking tenants. Market research indicates a rental rate of at least $1, 600 per month or $57, 600 annually based on a 12 month lease.
Development Potential:
Skyview Acres spans approximately 10 acres, with the mobile home park occupying 3 acres on the eastern side. The remaining 7. 0 acres, zoned agriculture, are situated on the western side and offer significant potential for future development.
Supporting Documents:
A comprehensive master site plan prepared by ProCivil360 Engineering and a survey by Coffin & McLean Associates are available upon request.
Don’t miss out on this excellent investment with both immediate rental income and long-term development prospects.
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Our Executive Mortgage Banker:
Our Insurance Division:
$980,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $784,000 | $784,000 | $784,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.754% | 6.792% |
Monthly Tax Payment | $479 | $479 | $479 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,827 | $5,020 | $6,883 |
Total Monthly Payment | $5,398 | $5,591 | $7,454 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.