Holmes Mobile Home Park
5406 Glass Drive
Pensacola, FL 32505
$499,000
16 unit mobile home park
located in Pensacola, Florida. This park is
clean, paved, and all 16 park owned mobile
homes stand in good shape (Lots 10-15
recently renovated). Holmes Mobile Home
Park lies just north of Western Michigan
Avenue which is a heavily traveled road and
well known multi-family location. There is
a tenant who collects rents, manages
problems and could be used as a full-time
manager.
Overall this is an
excellent investment. Water, taxes,
insurance, trash & all other expenses
totaled $9107 in 2007. Renovation expenses
were $24359 for a total of $33466. Gross
Income 07’ $97,500 makes this a 12% + cap
rate despite repair/renovation expense.
Enjoy and benefit from the fruits of a well
maintained and operated mobile home park!
