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    9215 SW 190TH AVENUE Road

    Dunnellon, FL 34432
    • $2,500,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: U8135859
    UPDATED: 57 min ago
    $2,500,000
    • 0
      BEDS
    • 4.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2020
    County:
    Area:

    School Ratings & Info

    Description

    RAINBOW RIVER TINY HOME DEVELOPMENT | This price is for the land-only portion of the project. Total project is 22 homes sites. 8 are currently in place with 3 additional under contract and 11 more able to be placed and subsequently cash flowed. AIR BNB and VRBO are allowable legally for nightly rentals in this development. Nightly rates are averaging $199/night and at a run rate of 46% occupancy rate as a short running average. The 8 units that exist have a lease in place and throw off $595/month of lot rent. New buyer could work to procure the 8 units that are on-site presently at approximately $125,000 per unit. Lease terms are flexible and leases are available for review. Current owners may have interest in cashing out their units to new buyer. Parcel is sizeable at 4.7 acres with a common area including a fireplace, covered space, and firepits. Infrastructure for all electric, water and septic are all in place via stub up connection points. This literally is a plug-and-play opportunity for a phenomenal cash flow annually with very little effort or expense. All units in place are new model year of 2020. Tons of potential for additional revenue streams including parties, weddings, and food truck events to garner more income as well as marketing attraction. Once all units are in place, income projections are at $792,000 annually using averaged occupancy terms provided by unit owners. Additional investment to acquire needed units to total 22 is approximately $2.25 M.

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-09-19T15:39:45.817.
    www.cainepremierproperties.com/homes/121283317
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    9215 SW 190TH AVENUE Road Dunnellon, FL 34432

    • Price: $2,500,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: U8135859
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.71
    Acres
    2020
    Built
    Neighborhood:
    Dunnellon
    County:
    Marion
    Area:
    Dunnellon
    Property Description
    RAINBOW RIVER TINY HOME DEVELOPMENT | This price is for the land-only portion of the project. Total project is 22 homes sites. 8 are currently in place with 3 additional under contract and 11 more able to be placed and subsequently cash flowed. AIR BNB and VRBO are allowable legally for nightly rentals in this development. Nightly rates are averaging $199/night and at a run rate of 46% occupancy rate as a short running average. The 8 units that exist have a lease in place and throw off $595/month of lot rent. New buyer could work to procure the 8 units that are on-site presently at approximately $125,000 per unit. Lease terms are flexible and leases are available for review. Current owners may have interest in cashing out their units to new buyer. Parcel is sizeable at 4.7 acres with a common area including a fireplace, covered space, and firepits. Infrastructure for all electric, water and septic are all in place via stub up connection points. This literally is a plug-and-play opportunity for a phenomenal cash flow annually with very little effort or expense. All units in place are new model year of 2020. Tons of potential for additional revenue streams including parties, weddings, and food truck events to garner more income as well as marketing attraction. Once all units are in place, income projections are at $792,000 annually using averaged occupancy terms provided by unit owners. Additional investment to acquire needed units to total 22 is approximately $2.25 M.
    Exterior Features

    Adjoining Property Residential Construction Materials Wood Frame Foundation Details Crawlspace Front Footage 425 Lot Features Oversized LotTurn Around Other Structures Annex Parking Features CommonLightedOver 30 Spaces Water Access River Water Access Yn Yes Water Body Name Rainbow River Access Via Kp Water Extras Boat Ramp - Private Water Extras Yn Yes Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling None Levels One Sewer Septic Tank Stories Total 1 Water Source Public

    Property Features

    Additional Parcels Yn No Annual Expenses 22414 Complex Development Name Rainbow River Bungalows Disclosures Land Sales Disclosure Electric Separate Meters Flood Zone Code X Listing Terms CashOther Net Operating Income 963681 New Construction Yn No Pets Allowed Dogs OkYes Property Condition Completed Property Sub Type Hotel/Motel Realtor Info Brochure AvailableNo SignSurvey AvailableZoning - Grandfathered In Special Listing Conditions None Tax Annual Amount 6777.77 Tax Year 2021 Total Num Buildings 0 Utilities Electricity AvailableWater Connected Zoning R1


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Engel & Voelkers St. Pete.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-09-19T15:39:45.817.
     
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    879 Vanderbilt Beach Rd.
    Naples FL, 34108