Mobile Home Park - 14% Cap Rate

Multi-Family for Sale
Catylist Listing ID: 30622972
Property Subtypes: Mobile Home Park
Number of Units: 12 Units
Building Size (RSF): 1,200 SF
Gross Building Area: See Agent
Sale Price: $630,000
Unit Price: $52,500 Per Unit
Property Use Type: Investment
Building Name: The Pines MHP
Sale Terms: Cash to Seller
Cap Rate: 14.0%
Last Updated: 9/24/2020

Overview / Comments

This park has a total of 12 permitted lots. 11 lots have homes - all homes are owned by the Park. Good upside potential as rents are low. Owner retiring.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 231N301200002047
Total Number of Buildings: 10
Property Condition: Average
Legal Description: N1/2 OF W 851 7/10 FT OF LT 47 S/D PLAT DB 102 P 111 OR 7843 P 364

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,628 49,387 106,197
Median Age: 40.28 37.48 38.8
Households: 2,606 19,813 43,630


Photograph of Listing Agent

Gene Evans

Avast Realty, LLC Gulf Coast CMLS Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.