Bought with FLORIDA REALTY INVESTMENTS
$2,500,000
$2,850,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
65 Beds
35 Baths
21,000 SqFt
SOLD DATE : 05/25/2025
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $119
Subdivision Valentine Estate Sub
MLS Listing ID TB8336495
Sold Date 05/25/25
Bedrooms 65
HOA Y/N No
Year Built 1954
Annual Tax Amount $22,209
Lot Size 3.380 Acres
Acres 3.38
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Located directly on the Indian River, Sunrise MHP & APTS offers a unique investment opportunity combining strong cash flow and prime location. This 35-unit property features a mix of 11 apartment units, 20 tenant-owned homes, and 4 park-owned homes, several of which have been recently renovated to attract premium tenants. The park is fully connected to city water and sewer, ensuring reliable utility service. Lot rents are set at $465 per month, providing consistent and dependable income. Additionally, the property includes an on-site office that offers flexibility for operations or potential conversion into two additional rental units.
The park's stunning Indian River views and convenient access to local amenities create a highly desirable living environment for residents, ensuring high occupancy rates and long-term demand. Whether you're an experienced investor or entering the mobile home park market, Sunrise MHP & APTS offers exceptional growth potential and immediate revenue.
Location
State FL
County Brevard
Community Valentine Estate Sub
Area 32905 - Palm Bay/Melbourne
Zoning RM10
Direction NE
Interior
Interior Features Thermostat
Heating Electric
Cooling Central Air
Fireplace false
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Concrete,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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