11 Unit MH Park in Pensacola, FL

Multi-Family for Sale
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: $499,000
Unit Price: $45,363.64 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 12.4%
Average Occupancy Rate: 100
Last Updated: 5/23/2024

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 $82,200 and Annual Expenses are $20,315. Net is $61,885. Additional income opportunity with Lot G at $550 and House rent can go to $950 (or more with renovations) so $7,800 in annual rent income that can be gained by new owner putting this investment at a 14% cap!

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 - $850 - Park Owned - New metal roof 2022

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

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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


Photograph of Listing Agent

Aileen Fountain

eXp Realty LLC Southern Branch
Gulf Coast CMLS Member
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