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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.

Property Details of 9215 SW 190th Avenue Road

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Listed by Leisa Mohler-Erickson of ENGEL & VOELKERS ST. PETE

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Based on information submitted to MFRMLS as of September 26, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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