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

View FullscreenMap

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

Photograph of Listing Agent

Aileen Fountain

eXp Realty LLC Southern Branch
Gulf Coast CMLS Member
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.