$850,000

Description of 500 S Highway 17, San Mateo - MLS# 2125789

Attention Investors! Rare opportunity to acquire a well-established mobile home park situated on 4.77 +/- acres, zoned RMH. Known as San Mateo Villas, this income-producing property features 26 total sites, including 22 mobile home lots and 4 RV sites. The park is attractively set with beautiful oak trees, offers both front and rear access, and is equipped with onsite fire hydrants, public water, and septic systems. Public sewer is available nearby. The seller does not own any units - all sites are lot rentals, minimizing maintenance responsibilities. Current occupancy includes 18 mobile home lots at $300/month and 4 RV sites at $400/month. County water and FP&L electric are billed directly to the tenants; RV site utilities are paid by the seller. The property is conveniently located near the St. Johns River in a growing area, with new marina and RV park recently completed just north of the property, further enhancing long-term value & demand. Additionally, an adjacent 8.5 +/- acres may be available for purchase from a separate owner, providing expansion or redevelopment potential. Owner is retiring. Don't miss this excellent investment opportunity with a strong cash flow.

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