Ruby Ave, Dade City FL 33523

Enormous upside with this 26+ acres in Dade City, minutes from Interstate 75. Plans are in place with the city and county which have approved the land for up to 151 RV sites. There is already some infrastructure in place; however, the development will need to be built out. Estimated development costs are between $800,000 to $1.2M. With a modest average lot rent of $350 per month, accounting for only 140 total lots, and allowing for a conservative 40% vacancy rate, this project should yield a 15% cap rate. Don’t miss out on this opportunity.

Ridge Manor

Est. Rehab: $1,200,000

Est. Monthly Rent: $29,400

Est. ARV: $2,900,000