Contact Information

Mobile Home Park Details

  • Price: $595,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.6%
  • Property ID: 1431804
  • Posted On: May 3, 2021
  • Updated On: May 5, 2021

Property Description

12 Licensed Lots.

7 Park Owned @ $450-775
4 Bd. APT @ $725
1 House @ $775
Cottage @ $550
Duplex @ $550/450
Warehouse/Storage

Seller Financing Available!

This can also be a 2 Park Package with another park for sale in the same county.

Furthermore, the City of Milton is bringing riverfront shopping, entertainment, dining, and a living district to Blackwater River which is directly neighboring this Park.

Do not miss this Investment Opportunity!

Have a Park to Sell ?
We want to help!
Contact Frank at 727-592-2418
info@birchrealty.com

Location

Milton is a city in Santa Rosa County, Florida. The Park is located in the Large Pensacola Metropolitan Area. Beaches and Local Navy Base keep this park fully occupied.

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 7
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $625
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $76,375
Operating Expense $12,915
Net Operating Income $63,460
Expense Ratio 16.9 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $625

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