Lake Beresford RV Park

1350 Lakeview Drive, Deland, FL

12.36% return

SP: $999,900

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Property Description

AMAZING WATERFRONT INVESTMENT!!!

Turnkey 18 pad RV/Mobile home park on beautiful Lake Beresford in Deland, FL! 1.8 acres of prime waterfront real estate!! PERFECT CASHFLOW!!! St Johns river access. Coin operated laundry and shower on site. Very inexpensive property to own and operate! Most of RVs and Mobile Homes are included in the sale. 12%+ NET RETURN ON INVESTMENT!! Hold this property for 10 years and it will pay itself off. This parcel will be perfect for a future redevelopment. Management is in place!!

Do not miss out on this amazing opportunity, call us today.

***NO BUYERS SHALL HAVE ACCESS TO THE PROPERTY WITHOUT EXPRESSED WRITTEN CONSENT FROM SELLER. VIOLATORS SHALL BE TREATED AS TRESPASSERS, OFFERS OR CONTRACTS WILL NOT BE ENTERTAINED.***

Property Information

Listing statusSold
Property typeMulti Family
Total units18
Total bedrooms36
Total bathrooms18
Building size(unknown)
Lot size1.8 acres
Year built(unknown)

CountyVolusia County
SubdivisionHOUGH PAXTON & WILSON
ConstructionFrame
RoofMetal
Water sourceCity water
Water disposalSeptic
Heating(unknown)
Cooling(unknown)

Property Financial Summary

Sale price$999,900
Estimated rehab¹$0
Total investment$999,900

TypeActual

Gross income (annually)$151,500
Operating expenses (annually)$27,870
Net income (annually)$123,630
Gross return15.15%

Gross income (monthly)$12,625
Operating expenses (monthly)$2,323
Net income (monthly)$10,302
Net return12.36%

Property Income & ExpensesMonthlyAnnual

Income

Unit Mh-14: 2 bed / 1 bath$850/month$10,200/year
Unit Mh-17: 2 bed / 1 bath$850/month$10,200/year
Unit Mh-18: 2 bed / 1 bath$850/month$10,200/year
Unit Mh-5: 2 bed / 1 bath$875/month$10,500/year
Unit Rv-1: 2 bed / 1 bath$775/month$9,300/year
Unit Rv-10: 2 bed / 1 bath$475/month$5,700/year
Unit Rv-11: 2 bed / 1 bath$550/month$6,600/year
Unit Rv-12: 2 bed / 1 bath$850/month$10,200/year
Unit Rv-15: 2 bed / 1 bath$600/month$7,200/year
Unit Rv-16: 2 bed / 1 bath$700/month$8,400/year
Unit Rv-2: 2 bed / 1 bath$850/month$10,200/year
Unit Rv-3: 2 bed / 1 bath$750/month$9,000/year
Unit Rv-4: 2 bed / 1 bath$750/month$9,000/year
Unit Rv-6: 2 bed / 1 bath$725/month$8,700/year
Unit Rv-6b: 2 bed / 1 bath$475/month$5,700/year
Unit Rv-7: 2 bed / 1 bath$600/month$7,200/year
Unit Rv-8: 2 bed / 1 bath$550/month$6,600/year
Unit Rv-9: 2 bed / 1 bath$550/month$6,600/year
Total$12,625/month$151,500/year

Expenses

Property Taxes$199/month$2,392/year
Electric bill$1,108/month$13,290/year
Insurance (estimated)$250/month$3,000/year
Maintenance reserve$292/month$3,500/year
Water bill$52/month$620/year
Gas Utility Bill$72/month$868/year
Waste Collection$150/month$1,800/year
Lawn care$200/month$2,400/year
Total$2,323/month$27,870/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.