915 N Old Corry Field Rd - Manufactured Housing/Mobile Housing FOR SALE


Pensacola, FL 32506- West Pensacola
$975,000 USD
850-999-7411
915 N Old Corry Field Rd, Pensacola, FL for Sale
$975,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
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915 N Old Corry Field Rd
Pensacola, FL 32506
West Pensacola


HIGHLIGHTS

  • Centrally Located in Pensacola Florida
  • Stabilized Portfolio with Value Add Opportunity
  • Located in a strong growing Florida MSA
  • Over 85% of the units are Tenant Owned

OVERVIEW

Beck Partners is pleased to present for sale this 2-park portfolio located in West Pensacola, Florida. These parks are centrally located within half a mile of each other allowing for ease of management and operational efficiencies. They are positioned close to Downtown Pensacola and are walking distance of several employers and national retailers including Lowes, Home Depot, and Walmart among others. Lillian Mobile Home & RV Park consists of 16 lots and one stick-built home on public water and sewer. There are submeters in place at Lillian that are not being used by the Seller, which would allow a Buyer the ability to bill back water immediately. Hobbs Mobile Home & RV Park consists of 10 lots and one stick-built home that are serviced by public water (master meter) and septic tanks. As evidenced by the rent roll, both parks feature tenants with below-market rents, leaving easy upside for a Buyer. There are three rent-to-own contracts (RTOs) that will be transferred with the sale, as well as one park-owned RV. Electric is individually metered and paid directly by tenants; each park has a dumpster that is paid for by the park.

FOR SALE DETAILS

PRICE

$975,000 USD

# OF UNITS

28

PRICE/UNIT

$34,821

CAP RATE

9.14%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lillian & Hobbs MHP/RV Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

MDR

APN/PARCEL ID

34-2S-30-0300-003-030

ASK ABOUT THIS PROPERTY

Jared JacksonStirling PropertiesMore Info
850-999-7411

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Jared JacksonStirling PropertiesMore Info
850-999-7411

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.