Investment Property

Business Opportunity for Sale
Catylist Listing ID: 30700307
Property Subtypes: Financial
Building Size (RSF): See Agent
Sale Price: $650,000
Name of Establishment: Westside Mobile Home Park
Gross Revenue: $8,185 (Annual)
Cash Flow: $97,908 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Living Accomodations: Yes
Sale Terms: Cash
Last Updated: 3/26/2021

Overview / Comments

Income property with 11 mobile homes and 1 small 2 BR home or office. 9 Mobile homes have recently been renovated, and the remaining units are in good condition. All roofs have been replaced or cleaned and 5 recoated with cool-white elastomeric.

Current gross monthly income is $8,185
Projected gross monthly income as of 1/1/2021.....$8,185 (7.0% increase).

Monthly expenses: Water, sewer and trash $1,000
Power (1 pole light) $ 20
Landscaping & pest control $ 100
Estimated property taxes $ 400
Repairs and replacement $ 500
Property Manager $ 300

Projected net monthly income $ 5,865.

Additional Details

Nearest MSA: Atmore
County: Escambia
Industry Segment: Other Financial
Reason for Selling: Investment
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,130 7,118 10,897
Median Age: 34.63 36.8 37.59
Households: 895 2,921 4,371


Photograph of Listing Agent

Ann Gordon

FirstSouth Properties Gulf Coast CMLS Member
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