7 Unit MH Park in Pensacola, FL

Multi-Family for Sale
Catylist Listing ID: 30871587
Property Subtypes: Mobile Home Park
Number of Units: 7 Units
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Sale Price: $475,000
Unit Price: $67,857.14 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 14.8%
Average Occupancy Rate: 100
Last Updated: 5/16/2024

Overview / Comments

Property consists of 6 MH's and 1 Single Family Home. SF address is 615 Bremen Ave. which is adjacent to Park. Covered in GORGEOUS Oak Trees giving the tenants natural shade. Excellent paying tenants. Each property has its own address to it. Storage building on site is full of useful materials but has been boarded up to keep people out. Considerable land at the back of the property that could be used. Gross annual rent is $84,300 and Annual Expenses are $13,834. Annual Net is 70,466. Cap rate is 14.8%!

Unit 2413 Rent - $800
Unit 2415 Rent - $900 - HUD property
Unit 2417 Rent - $825
Unit 2419 Rent - $1,050
Unit 2421 Rent - $950
Unit 2423 Rent - $1,400
615 Bremen Ave - $1,100

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: MSTU
Tax ID/APN: 352S311000009071
Zoning: HDMU
Percent Occupied: 100%
Property Located Between: Gulf Beach Hwy and S. Fairfield Dr.
Highway Access: Gulf Beach Hwy
Airports: Pensacola
Site Description: Total 1 acre includes .87 of an acre directly on Gulf Beach Hwy and adjacent SF lot that is .12
Area Description: the Gulf Beach Highway area of Pensacola combines the best of waterfront living, outdoor recreation, dining options, and community spirit, making it an appealing destination for residents and visitors alike.
Property Condition: Average
Laundry: In Each Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,765 44,096 97,599
Median Age: 32.65 33.34 35.41
Households: 2,352 15,545 35,764

Contact

Photograph of Listing Agent

Aileen Fountain

eXp Realty LLC Southern Branch
Gulf Coast CMLS Member
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