The Lakeview Terrace Mobile Home Park, located on the beautiful lake Beresford in Deland, Florida. With 64 spacious lots, our park enjoys water access with a small marina with boat slips. Upon acquisition, the property boasted 75% occupancy, with lot rents priced below market rates in the low $300’s. However, we embarked on a dedicated mission to revitalize the park, undertaking extensive unit renovations and creating a secure and hygienic environment for our valued residents. Our efforts have yielded remarkable results, as lot rents now stand in the mid $400’s and we proudly announce full occupancy, with every lot currently inhabited.
* LOTS: 64
* ACQUISITION DATE: June 2020
* ACQUISITION PRICE: $2,400,000
* RENOVATION COSTS: $700,000