crystal pointe mobile home park development opportunity · 2017. 10. 13. · crystal pointe mobile...

KW COMMERCIAL

708 E Colonial Drive

Orlando, FL 32803MICHAEL FRYVP Investment [email protected]

MARK ARNOLDSenior [email protected] #BK3220138

Crystal Pointe Mobile Home Park Development Opportunity

MANUFACTURED HOME DEVELOPMENT - 94 SITES

PRESENTED BY:

DUNNELLON, FL

OFFERING MEMORANDUM

www.kwcommercial.com 2

KW COMMERCIAL

708 E Colonial Drive

Orlando, FL 32803

MICHAEL FRYVP Investment [email protected]

MARK ARNOLDSenior [email protected] #BK3220138

Confidentiality & Disclaimer

OFFERING MEMORANDUM

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source,whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Orlando Central in compliance with all applicable fairhousing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

PRESENTED BY:

DUNNELLON, FL

http://www.kwcommercial.com

Executive Summary

CRYSTAL POINTE MOBILE HOME PARK DEVELOPMENT OPPORTUNITY PHASE II - 94 HOME SITES |


PROPERTY OVERVIEWLocated within the existing Crystal Pointe manufactured homecommunity, the Phase II development opportunity consists ofNinety-Four (94) to-be-developed manufactured home siteswithin the Crystal Pointe sub-division just north of Crystal RiverFlorida. Design and create your own mobile home developmentcommunity of land lease, fee simple or mixed units.

• Complete the park layout, site work and lot development.• Lease individual home sites as an operating business.• Re-sale the improved home sites to tenants or end-users.

Ideal for operator/investor/developer seeking an opportunity tocreate an attractive manufactured home residential communitywith total of 190 tree shaded home sites, HOA amenities,common areas, conservation areas, premium lots, hiking trailsand plenty of Old Florida/Country charm.

PROPERTY FEATURES190 Approved Home Sites on 80 Acres

Within 110 Acre Subdivision

Phases II & III Ready for Development

Wooded Lots

Zoning: Manufactured Homes

Fee Simple Lots

Optional Use: Age 55+

HOA Amenities:

5,500 SF Clubhouse

67,000 Gallon Heated Pool

Common Areas

Hiking Trails

Florida’s Nature Coast

4 Miles to Crystal River

10 Miles to Gulf of Mexicao

50 Miles to Tampa

80 Miles to Orlando

Investment Opportunity

Comprehensive Development and Re-Sale Strategy

Development of 2 Phases – 190 Home Sites

Re-sale of Developed Sites Individually or In Bulk

Purchased and Developed Sites Can Be Rented

PHASE II SALE PRICE:$470,000

PHASE II: 94 Approved .25 AC Home Sites

PRICE PER UNIT: $5,000

PHASE III: 96 Approved .25 AC Home Sites

PRICE PER UNIT: $6,500

ACREAGE: Both Phases 79.63

ZONING: Manufactured Homes

TERMS:Phases Can Be Purchased

Independently Or In Bulk

MARKET: Florida's Nature Coast

Homes in photos are within the existing Crystal Pointe subdivision and are not included in the sale.


PROPERTY OVERVIEWThe available acreage of the Crystal Pointe Mobile HomeCommunity includes to-be-developed Phases II and III,consisting of 79.63 (+/-) acres of unimproved wooded acreswith approvals for pre-platted home sites of approximately.25 acres each. Phases II and III are approved under a CitrusCounty Development agreement with 94 home sites in PhaseII and 96 home sites in Phase III. The to-be-developedparcels will have use of the Crystal Pointe HOA recreationalareas and an existing 5,500 SF clubhouse and 67,000 gallonheated pool. The to-be-developed community can be agerestricted.

The current price for the 94 lots in the Phase II developmentis $5,000 per home site or $470,000. The price for the 96 lotsin the Phase III development is $6,500 per home site or$576,000, comprising a total bulk sale price of $1,046,000.Phase I and Phase III can be purchased individually or as acombined purchase.

The development will be attractive to investors anddevelopers and would be an outstanding opportunity for anon-site owner or retiree with experience in mobile home parkmanagement and development. The staged development ofPhases II & III provide an opportunity of investment returnsover multiple years. The re-development of Crystal PointDevelopment properties would create an Old Florida/countryoriented mobile home subdivision with large lots, HOAamenities, tree shaded common areas, conservation areas,premium lots and hiking trails.

LOCATION INFORMATION

The Crystal Point Mobile Home Development is located ineast-central Citrus County, approximately 5 miles north ofthe City of Crystal River and approximately 8 miles south ofDunnellon. The property entrance is off of Citrus Blvd(County Road 495) approximately one quarter mile north ofW. Dunklin Road. The immediate area is rural, undevelopedCentral Florida. The community is located less than 4 milesfrom shopping in nearby Crystal River.

add text...

ADD HEADERadd text...

Property Description

CRYSTAL POINTE MOBILE HOME PARK DEVELOPMENT OPPORTUNITY |



Complete Highlights


PROPERTY HIGHLIGHTS

• 190 Approved Home Sites on 80 Acres

• Phase II - 94 Home Sites

• Phase III - 96 Home Sites

• Within 110 Acre Subdivision

• Phases II & III Ready for Development

• Wooded Lots

• Zoning: Manufactured Homes

• Fee Simple Lots

• Optional Use: Age 55+

• HOA Amenities:

• 5,500 SF Clubhouse

• 67,000 Gallon Heated Pool

• Common Areas

• Hiking Trails

• Florida’s Nature Coast

• 4 Miles to Crystal River

• 10 Miles to Gulf of Mexico

• 50 Miles to Tampa

• 80 Miles to Orlando

• Investment Opportunity

• Comprehensive Development and Re-Sale Strategy

• Development of 2 Phases – 190 Home Sites

• Re-sale of Developed Sites Individually or In Bulk

• Purchased and Developed Sites Can Be Rented




Additional Photos


Homes in photos are within the existing Crystal Pointe subdivision and are not included in the sale.



Location Maps




Additional Photos




* Demographic data derived from 2010 US Census

Demographics Map


ETHNICITY 1 MILE 5 MILES 10 MILES

% HISPANIC 5.1% 5.5% 5.4%

RACE 1 MILE 5 MILES 10 MILES

% WHITE 94.7% 93.3% 91.8%

% BLACK 1.8% 2.3% 3.6%

% ASIAN 0.7% 1.1% 1.5%

% HAWAIIAN 0.0% 0.0% 0.0%

% INDIAN 0.7% 0.3% 0.5%

% OTHER 0.7% 1.2% 1.0%

POPULATION 1 MILE 5 MILES 10 MILES

TOTAL POPULATION 449 14,027 62,355

MEDIAN AGE 52.4 53.0 53.0

MEDIAN AGE (MALE) 51.4 51.9 51.5

MEDIAN AGE (FEMALE) 53.3 54.1 54.3

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

TOTAL HOUSEHOLDS 177 5,632 26,210

# OF PERSONS PER HH 2.5 2.5 2.4

AVERAGE HH INCOME $60,240 $58,396 $51,649

AVERAGE HOUSE VALUE $256,803 $252,544 $218,715


crystal pointe mobile home park development opportunity · 2017. 10. 13. · crystal pointe mobile...

Documents