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Address is 2305 Tommy Lackey Road Tallahassee, FL 32310

Wendy Trawick

GT Holdings Group, LLC

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Dogwood Mobile Home Park

Multi Family Housing for Sale in Tallahassee, Florida

2305 Tommy Lackey Road
Tallahassee, FL 32310

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Sale Price: $649,000

Contact Information

Wendy Trawick
GT Holdings Group, LLC

Mobile Home Park for Sale

Number of MH Lots: 20
Size: 13 acre(s)
Cap Rate: 10.4%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 351466
Posted on: Dec 12, 2012
Updated on: Dec 12, 2013
Price: $649,000

Property Description

13 Acre MHP. Quiet and well maintained. 18 units on 5 of the acres with two empty pads. All homes are park owned. Each home has its own 8 x 10 shed for storage. It also has 8 additional acres for potential development. Public Library across the street. Excellent school zone. Located approximately 11 miles from Capital Circle NW in Tallahassee, FL.

Park Information

Number of MH Lots:20
Total Occupancy:90.0%
Size:13.0 acre(s)

Financial Information (Pro Forma)

Gross Income$107,880
Operating Expense$34,900
Net Operating Income$67,586
Expense Ratio 32.4%
Debt Info

Lot Information

Singlewide Lots:20

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:18
Average Rent for Park-owned Homes: $500

Amenities and Other

Storage: Yes