Catylist ID:
#30871588
| Catylist Listing ID: | 30871588 |
| Property Subtypes: | Mobile Home Park |
| Number of Units: | 11 Units |
| Building Size (RSF): | 7,800 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $425,000 |
| Unit Price: | $38,636.36 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 14.5% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 8/13/2024 |
Overview / Comments
|
Clean and quiet MH Park. Long standing excellent tenants. Property includes a single family residential house and separate tax id 5837 Muldoon Rd. New surveys recently done. Most the leases renew June 1 and Gross rental income is $81,900 and Annual Expenses are $20,315. Net is $61,585. Additional income opportunity with Lot G at $550 and House rent can go to $950 (or more with renovations) so $8,400 in annual rent income that can be gained by new owner. Current CAP is at 14.5%. Projected CAP rate is 21% (adding Lot G and House rent will go up when current tenant vacates August 1, 2025) 10 Lots and 1 SF home: Lot A - $450 - Lot rent - Tenant owned Lot B - $775 - Park Owned Lot C - $550 - Lot rent - Investor owned Lot D - $775 - Park Owned Lot E - $925 - Park Owned Lot F - $550 - Investor Owned Lot G - Empty - New electric meter, needs septic tank, permit in hand Lot H - $450 - Lot rent - Tenant owned Lot I - $750 - Park Owned Log J - $775 - Park Owned House - $800 - Park Owned - New metal roof 2022 |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Taxing Authority: | Escambia County |
| Tax ID/APN: | 012S314301005010 |
| Zoning: | HDMU |
| Percent Occupied: | 100% |
| Property Located Between: | Sierra Dr. and Muldoon Rd. |
| Highway Access: | Property sits in between Blue Angel and Mobile Hwy. |
| Airports: | Pensacola |
| Site Description: | 1.68 acres total. |
| Area Description: | This is considered the Bellview area of Pensacola. Bellview offers a mix of natural beauty, affordability, convenience, and community spirit, making it an attractive place to live for many people. |
| Property Condition: | Average |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,363 | 48,745 | 132,840 |
| Median Age: | 38.23 | 38.04 | 36.69 |
| Households: | 2,032 | 18,987 | 50,195 |
Contact
Aileen FountaineXp Realty LLC Southern BranchGulf Coast CMLS Member |
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