Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash
Listing ID: 541337
Posted On: Jun 9, 2015
Updated On: Dec 1, 2015

Description

- Rare opportunity to acquire a community larger than 300 sites in an MSA with a population over 350,000.
- Current owner recently brought in 34 homes from another community to rehab and rent. Eight have been rehabbed and rented, 3 are ready to rent and 23 are still in progress. Since January, occupancy has increased by 18 rent producing sites.
- At 65% economic occupancy there is huge upside potential to continue filling vacant homes and lots.
- 54 vacant inventory homes are being offered with the park (not included in community price).
- The park is already set up on public utilities, which are billed directly to residents by the city.
- Amenities include a basketball court, pool, playground and on-site security.
- Attractive layout with mature trees throughout and off-street parking.

Location

- Downtown Tallahassee, which offices the majority of the state government, is approximately five miles east of Meadows. The entire submarket consists of 21 million square feet of office space.
- Centrally located, Meadows enjoys convenient access to Interstate 10, Highway 90, Blountstown Highway, the region' s three primary universities, downtown Tallahassee, the Tallahassee Regional Airport, and numerous shopping and recreational choices.
- Meadows MHC is located only five miles from the Tallahassee Regional Airport which travels to virtually every major destination in the world.
- There are approximately 215,000 jobs in the four-county region that comprises the Tallahassee MSA, with the highest concentrations in the government, education, and professional sectors.
- The state government is Tallahassee' s largest employer, with a workforce of more than 30,000 occupying more than 6 million square feet of office space. Tallahassee also boasts a high number of university and research jobs as well as strong professional and financial opportunities.

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