Patriots Mobile Home Park

Multi-Family for Sale
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: 10/7/2021

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

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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

Photograph of Listing Agent

Shawn Maxey

Beck Partners CRE, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Jared Jackson

Beck Partners CRE, LLC Gulf Coast CMLS Member
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