3388 5th Ave - Multi-Family FOR SALE


Saint James City, FL 33956- St James City
$2,300,000 USD
702-686-1952
3388 5th Ave, Saint James City, FL for Sale
$2,300,000 USD
Multi-Family - FOR SALE
1/1

3388 5th Ave
Saint James City, FL 33956
St James City


HIGHLIGHTS

  • Under-market rents = strong upside potential
  • Rebuilding tenant base & improving infrastructure
  • Located in desirable Pine Island, FL (largest island on Florida’s west coast)
  • Year-round demand for affordable housing & RV space

OVERVIEW

A prime value-add investment opportunity on Florida’s west coast! Shangri-La MHP & RV Park is actively rebuilding a with occupancy and infrastructure steadily improving. Current rents are well below market, offering tremendous upside for income growth. Located on beautiful Pine Island, known for its Old Florida charm, world-class fishing, boating, and laid-back lifestyle, this community attracts retirees, seasonal residents, and visitors year-round. Limited supply of affordable coastal housing combined with strong demand makes this a rare opportunity for investors seeking both stability and growth potential.

FOR SALE DETAILS

PRICE

$2,300,000 USD

# OF UNITS

32

PRICE/UNIT

$71,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shangri-La Mobile Home & RV Park

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

02-46-22-05-00420.0090

ASK ABOUT THIS PROPERTY

Sammy DeebMHP BrokerageMore Info
702-686-1952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sammy DeebMHP BrokerageMore Info
702-686-1952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.