380 San Jose St - Manufactured Housing/Mobile Housing FOR SALE


North Fort Myers, FL 33903
$1,295,000 USD
239-247-2868
380 San Jose St, North Fort Myers, FL for Sale
$1,295,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/35
null | 11.2% Cap Rate

380 San Jose St
North Fort Myers, FL 33903


HIGHLIGHTS

  • Established mobile home park with 16 active homesites and zoning for a total of 23 lots.
  • Seven park-owned units renovated, supported by low operating costs and stable tenants.
  • Public water access, 14 working septic systems, and tenant responsibility for utilities.
  • Gross revenue approximates $145,000 annually; several rents below market rates offer value-add upside.
  • Opportunity to develop additional lots for increased revenue and long-term growth.
  • Close to major highways, shopping, and employment centers in the vibrant Southwest Florida region.

OVERVIEW

This offering represents a stabilized mobile home park investment with significant upside potential in North Fort Myers, Florida. Spanning roughly 2.65 acres and accommodating up to 23 lots, the property currently operates with 16 occupied spaces, including both park-owned and tenant-owned homes. Seven additional lots remain undeveloped, providing a value-add opportunity for new owner-operators to increase revenue. The asset generates strong income with gross annual revenue near $145,000 against modest expenses of approximately $18,000, reflecting healthy cash flow dynamics. Current ownership practices efficient management, with tenants paying utilities and primarily submitting rent electronically. Most park-owned units have been remodeled, and occupancy remains near 100%, supported by solid screening practices. Public water service, 14 functioning septic systems, and stable tenant relationships further enhance operational reliability. Located within Lee County, the property benefits from proximity to Cape Coral, Fort Myers, major retail corridors, and regional connectors, offering enduring demand for affordable housing. This property is an ideal acquisition for experienced operators or investors seeking a cash-generating asset with further development potential.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

16

PRICE/UNIT

$80,938

CAP RATE

11.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

344-380 San Jose, Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.65 AC

LAND SF

115,434 SF

ZONING

MF

APN/PARCEL ID

34-43-24-02-00018.0030

ASK ABOUT THIS PROPERTY

Denise ChambreKeller Williams Realty, Inc.More Info
239-247-2868

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Denise ChambreKeller Williams Realty, Inc.More Info
239-247-2868

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