Pine Meadows Mobile Home Park Pensacola Fl

Multi-Family for Sale
Catylist Listing ID: 30753050
Property Subtypes: Mobile Home Park
Number of Units: 10 Units
Building Size (RSF): 7,000 SF
Gross Land Area: 2 Acres
Sale Price: $558,000
Unit Price: $55,800 Per Unit
Property Use Type: Investment
Building Name: Pine Meadows Mobile Home Park
Usable Size (USF): 7,000 SF
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Gross Rent Multiplier: 5,700
Last Updated: 9/10/2021

Overview / Comments

Well established 10 unit park, continuous 100% occupancy with room to expand includes 2 acres, paved co road access, paved driveway personal private 2 pad parking. all roofs replaced this year, all mobile homes in excellent condition, washer dryers, refrigerators and stoves in all units convey with sale, owner provides professional mail box system, dumpster, 2 security lights, water and yard service. 5 septic tanks, underground utilities each separate metered.(2) 2 bed/1 bath (8) 2 bed/ 1 1/2bath. (year built 1997,1986,1987,1985,(6) 2005). (current monthly taxes, insurance, dumpster, water, and yard $1051) monthly rent $5700 all yearly lease, converted to month to month. PLEASE DO NOT DISTURB TENANTS

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 091S301201002001
Zoning: HDMU
Percent Occupied: 100%
Property Located Between: hwy 29 north and 10 mile rd
Highway Access: hwy 29 north
Site Description: 2 acre established 10 unit mobile home park
Area Description: excellent quiet area close to NFCU interstate ramp
Total Number of Buildings: 10
Property Condition: Excellent
Year Built: 2005
Year Renovated: 2005
Construction/Siding: Vinyl Siding
Exterior Description: paved road most of the property is fenced, each unit has its own 2 person parking pad
Parking Type: Surface
Parking Description: personal 2 car spot at each unit
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: 10 mobile homes..(2) 2 bedroom 1 bath.. (8) 2 bedroom 1 1/2 baths all have washer, dryer, refrigerator, and stove .
Zoning Description: multi family mobile home park commercial
Lot Frontage: 213
Lot Depth: 426
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Easements Description: utilities easement to access
Land Ownership: owned
Legal Description: Beg At Sw Cor Of Ne1/4 Of Sec N Alg W Li Of Ne1/4 16 5/10 Ft E Parl To S Li Of Ne1/4 213 25/100 Ft For Pob Continue Same Course 213 25/100 Ft N Parl To W Li Of Ne1/4 426 5/10 Ft W Parl To S Li Of Ne1/4 213 25/100 Ft S 426 5/10 Ft To Pob Or 1429/1517 P 659/260

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,450 42,885 99,179
Median Age: 37.93 39.56 37.56
Households: 4,282 16,938 38,351

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