3680 NE Dixie Highway NE
Palm Bay, FL 32905

Description

Great investment opportunity in NE Palm Bay. Hillside Mobile Home Park is a mixed use property both commercial and mobile home units. There are 17 total mobile home units on property and owned by the park with an average rent of $525 per month. The owner occupies one trailer and uses one commercial building for storage and a bunk house, and he uses the other commercial building for his office and a car lot. 2018 gross income was $102,864, and when considering rent that can be obtained in the 3 units occupied by the owner, the gross would be around $130,000. Rental the majority of all units are below market rate and can be increased to bring the income even higher.

Details

MLS#825827
Sub-TypeResale
StatusActive
Days On Site206

Features

Units20
Building(s)3
Water FrontYes

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Area Information

StateFL
CountyBrevard
CityPalm Bay
Zip Code32905
Area340 - NE Palm Bay
Listing VS Median (in 32905)
Price:
$925,000
low | high
Med:
$145,000
100% of Average
On Site:
206
low | high
Med:
76
100% of Average
Listing Updated: 04/22/2019
MLS Number: 825827
Listing Provided By:
Michael Gray  of  Hoven Real Estate

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