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
Zoning: MOBILE HOME PARK
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

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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

Contact

Photograph of Listing Agent

Gene Evans

Avast Realty, LLC Gulf Coast CMLS Member
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