Catylist ID:
#30753937
| Catylist Listing ID: | 30753937 |
| Property Subtypes: | Mobile Home Park |
| Number of Units: | 21 Units |
| Building Size (RSF): | 1,000 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $765,000 |
| Unit Price: | $36,428.57 Per Unit |
| Property Use Type: | Investment |
| Building Name: | Patriots Mobile Home Park |
| Sale Terms: | Undisclosed |
| Cap Rate: | 8.5% |
| Last Updated: | 9/5/2023 |
Overview / Comments
|
Beck Partners is pleased to present for sale, Patriots Mobile Home Park in Pensacola, FL. This park is located in an area experiencing explosive growth that is driven by the new Navy Federal Credit Union Head Quarters (10,000 + Employees) located 3.5 miles from the park. There over 2,000 residential units planned or in development in the immediate area in addition to a new Publix and several other retailers. There is a high demand for Affordable Housing and RV spaces in the area. This park features 9 RV sites and 12 mobile home sites for a total of 21. The RV spaces are rented on annual leases and the electric is billed back through a RUBs program. There are 3 park owned mobile homes (POH) and one rent to own contract included with this sale. The park is serviced by city water that is master metered and septic tanks. Great opportunity for an investor to add value by continuing to increase rents to market and adding submeters to bill back the water expense. There is also a potential to add up to 4 mobile home spaces or 8 RV lots to the park. Within Minutes of Navy Federal Credit Union Headquarters (10,000+ Employees) Explosive population growth in the immediate area High Demand for affordable housing and RV lots Recent Improvements to the Property |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Tax ID/APN: | 111S321000000018 |
| Water Service: | Municipal |
| Sewer Type: | Septic |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,056 | 6,653 | 11,855 |
| Median Age: | 36.53 | 39.93 | 40.63 |
| Households: | 389 | 2,450 | 4,302 |
Contact
| © Copyright 2001-2023 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. |
