Freedom Mobile Home Park - mobile home park for sale in Crestview, FL 1979559

Contact Information

Jon Fisher
License: 471.020503 (IL) 18000549 (IN) 117228 (SC)

MR. LANDMAN LLC

CONTACT BROKER

Price: $1,150,000
Purchase Method: Cash, Seller Financing, New Loan
Property ID: 1979559
Posted On: Jan 5, 2023
Updated On: Mar 16, 2023

Property Description

-City water!
-40,000 residents within 15 miles!
-Currently managed remotely!
-Value-add opportunities present!

Freedom MHP is a smaller community located in Crestview, FL. The park was established in 1982 and is comprised of 19 pads. The total size of the park is approximately 4.61 acres. The park is zoning compliant (Mixed Use) and is not located in a flood zone. The park is currently managed by an out of state investor. The tenants currently pay rent via e-check or credit card. The park currently has 14 occupied POH, 1 occupied TOH, and 2 homes on a rent-to-own contract. The average rent for POH is currently $850 per month. The average rent for TOH is $350 per month. Tenants currently pay for their own electricity. The park is currently paying for water so this park might be a good candidate for RUBS or meters. Tenants are on leases.

Freedom MHP is on city water & private septic. The roads through the park are currently gravel and they are in good shape. The material of the water & sewer pipes is unknown. The size of the electrical pedestals is unknown. The tenants mow their own space. Park mows common areas. Currently none of the tenants are behind in their rent. None of the POH have titles but will transfer via bill of sale. None of the trailers are behind in property tax payments.

The seller will consider seller carrying 20% of the purchase price for 5-years at 6.5% interest.

Jonathan Fisher is a licensed broker in the State of Florida under
license #BK3489532.

Location

Crestview is a city in Okaloosa County, Florida. The population was 27,134 at the 2020 census, up from 20,978 at the 2010 census. It is the county seat of Okaloosa County. With an elevation of 235 feet above sea level, it is one of the highest points in the state; it receives 65 inches of rainfall annually, the second-most of any city in the state of Florida, after Fort Walton Beach with 69 inches. Crestview is a principal city of the Fort Walton Beach-CrestviewDestin Metropolitan Statistical Area.

Okaloosa County, FL has a nice mixture of both public & private sector employment options for its residents. Here is the list of the largest employers locally to Fort Walton Beach & Okaloosa County, FL:

•Okaloosa County School District (3,294 employees) Education (Public)
•Fort Walton Beach Medical Center (1,341 employees) Medical (Private)
•Publix (1,092 employees) Retail (Private)
•Okaloosa County BCC (955 employees) County Government (Public)
•Lockheed Martin (925 employees) Defense Contractor (Private) •Reliance Test & Technology (721 employees) Government Contractor (Private)
•Northwest Florida State College (717 employees) Education (Public)
•North Okaloosa Medical Center (609 employees) Medical (Private)
•Boeing (500 employees) Aerospace & Defense Contractor (Private)
•Okaloosa County Sherriff's Office (461 employees) County Government (Public)

Okaloosa County, Florida, also identified as the Crestview-Fort Walton Beach-Destin MSA, may be best known for the sugar white sands and emerald green waters that draw millions of visitors each year. Yet the community is far more than just another pretty face. Eglin Air Force Base, the world’s largest Air Force installation, hosts the headquarters of the Air Force Special Operations Command (AFSOC), the 96th Test Wing and the 33rd Fighter Wing (F-35 graduate flying and maintenance training wing) among others. With research and testing at the forefront of activities taking place at Eglin, numerous technology and defense contractors have located here – including renowned powerhouses Boeing, BAE Systems, and Lockheed Martin. All benefit from a pro-business local government, award-winning public schools (including Florida’s first STEM-focused middle school), a myriad of post-secondary education options and a steady stream of young, technically astute military retirees.

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