Pace, Florida Investment Opportunity

Multi-Family for Sale
Also listed as Farm/Ranch
Catylist Listing ID: 30659403
Property Subtypes: Mobile Home Park
Number of Units: 3 Units
Building Size (RSF): 1,920 SF
Gross Building Area: See Agent
Gross Land Area: 1.17 Acres
Sale Price: $220,000
Unit Price: $73,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2021

Overview / Comments

1.17 Acres being approx. 182x280 on Woodbine Road. Currently zoned AG parcel with state licensed mobile home park in operation. Licensed with State of Florida DOH as 10 unit park. Sale includes 3 mobile homes and storage shed. All sell as-is.Home age from 1970-1983.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County, Florida
Tax ID/APN: 07-1N-29-0000-00902-0000
Zoning: AG
Percent Occupied: 100%
Property Located Between: Milton and Pace
Highway Access: Easy access to Hwy 90 in Pace, Florida and Quintette Road in Pace, Florida.
Airports: 15 miles to Pensacola Regional Airport.
Site Description: Level site on heavily traveled Woodbine Road Corridor with Public water and 3 existing mobile homes.
Area Description: Suburb of Pensacola, Florida, near 3 major military bases. Interstate Access under 10 miles.
Total Number of Buildings: 4
Property Condition: Fair
Number of Stories: 1
Year Built: 1970
Construction/Siding: Aluminum Siding
Parking Type: Surface
Parking Description: Dirt
Laundry: In Each Unit
Sprinklers: None
Zoning Description: Agricultural with current use as licensed mobile home park
Lot Frontage: 182
Lot Depth: 280
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: COM SE COR TH N 88* W 35.09 FT TO W R/W OF WOODBINE RDTH N 1* E 396 FT TO POB TH CONT N 1* E 181.75 FT TH N88* W 294.66 FT TH S 1* W 182.02 FT TH S 88* E 294.74FT TO POB AS DES IN OR 1505 PG 803

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,418 16,703 51,501
Median Age: 39.28 39.34 38.54
Households: 530 6,204 19,087


Photograph of Listing Agent

Mark Cotton

Cotton Real Estate, Inc. Gulf Coast CMLS Member
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