2395 Woodland BlvdDeLand, FL 32720

Property Details for 2395 Woodland Blvd

Year built

1998

Lot size

4.00 AC

Property size (Sq ft)

27,000 SF

Property type

Hospitality properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a well-established 27-unit mobile home park situated on a 4-acre lot in DeLand, Florida. The property boasts 13 existing park-owned mobile homes and 14 vacant lots, presenting significant value-add potential. Built in 1998, the park features 27,000 square feet of space across 13 buildings and is zoned PKG LT / MH Park. The property enjoys a strong financial performance, with a current annual rental income of $217,920 and a 9.10% cap rate, generating a net operating income (NOI) of $191,018. Annual expenses include real estate taxes ($13,774), insurance ($4,968), garbage and dumpster service ($2,160), and lawn care ($6,000). Tenants are responsible for their own utilities. Conveniently located just 5 minutes from downtown DeLand, this fee-simple property offers a compelling return on investment with the potential for further income growth through the development of vacant lots. The property's location, strong cash flow, and development potential make it an attractive acquisition for seasoned investors. Financing options are available.

Location Insight

City

DeLand

County

Volusia

State

Florida

Latitude

29.0753

Longitude

-81.31

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