Two Parks Located across the street from one another
Value-Add RV 57 Pads
Value-Add MHP 28 Pads

Dew Drop RV Park presents investors with a stabilized, income-generating asset located just 11 minutes from downtown Okeechobee.​ Strategically positioned adjacent to Lake Okeechobee RV Park, the property benefits from regional synergy and sustained tenant demand.​ The park comprises 63 total pads, with 57 currently occupied on lot-rent-only terms, offering immediate cash flow with operational upside.​

Encompassing over 3.9 acres, the property features dual access points, paved interior roads, sub-metered public water, and septic infrastructure.​ Originally developed in 1988, the park has been well maintained and offers a low-intensity management profile.​ Dew Drop RV Park represents an attractive opportunity to acquire a quality RV park with in-place income, infrastructure durability, and upside through rent optimization and full occupancy.​

Operating Summary (Stabilized vs Current)
Metric Current Market
Scheduled Gross Income $342,000 $376,200
Vacancy Allowance (12.00%) (7.95%)
Effective Gross Income (EGI) $300,960 $346,306
Pass-Thru Income $18,072 $76,014

Download the offering memorandum. Click below
https://docsend.com/v/m5zmq/dew-drop-om

Value-Add RV 28Pads Cloverport MHP

Cloverport Mobile Home Park offers a compelling value-add investment with an in-place 8.5% cap rate and an estimated 10.50% capitalization rate based on stabilized income. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket.

The property is strategically located minutes from Lake Okeechobee, the central business district, the Kissimmee River, and downtown Okeechobee, providing convenient access to dining, shopping, and employment centers. Additionally, the park is less than six miles from the emerging Bass Pro Resort, further strengthening long-term demand drivers.

Cloverport consists of 27 mobile home pads plus one CBS studio apartment, situated on over 2.5 acres with three points of ingress/egress. The park features sub-metered public water and septic, on-site laundry facilities, and annual leases.

Unit Mix & Operations
6 park-owned homes
16 tenant-owned homes (lot rent only)
6 vacant pads (Massive Upside)
Water expense is passed through to tenant-owned homes

The ownership has recently delivered and installed five (5) brand-new 560 SF one-bedroom/one-bath mobile homes, each rents for $1,200 per month, immediately enhancing cash flow and asset quality.

Value-Add Opportunity

The primary upside lies in leasing the six vacant pads or installing additional mobile homes at an estimated cost of $48,000 per unit. This represents a total capital investment of approximately $348,000, with projected returns in the 11% cap rate range, materially increasing NOI and overall asset value.

Investment highlights
Value Add - 10.5% Capitalization Rate on Stabilized Income
8.5% Cap Rate in Place
Best Location - Very Close to Downtown Okeechobee (Central Business District)
5 New Mobile Homes owned by the park
Easy management

Download the offering memorandum. Click below
https://docsend.com/v/m5zmq/cloverport-mhp-om