Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.8%
- Listing ID: 5290527
- Posted On: Apr 12, 2024
- Updated On: Jul 16, 2025
Description
Stirling Properties is pleased to present for sale this 2-park portfolio located in West Pensacola, Florida. The parks are centrally located within half a mile of each other allowing for ease of management and operational efficiencies. Lillian Mobile Home & RV Park consists of 16 lots and one stick-built home on public water and sewer. There are submeters in place at Lillian that are not being used by the Seller, which would allow a Buyer the ability to bill back water immediately. Hobbs Mobile Home & RV Park consists of 10 lots and one stick-built home that are serviced by public water (master meter) and septic tanks. As evidenced by the rent roll, both parks feature tenants with below-market rents, leaving easy upside for a Buyer. There are three rent-to-own contracts (RTOs) that will be transferred with the parks, as well as one park-owned RV. Electric is individually metered and paid directly by tenants; each park has a dumpster that is paid for by the park.
Park Information
| Community Type: | All Age |
| Total Occupancy: | 93.0 % |
| Size: | 3 acre(s) |
Lot Information
| Singlewide Lots: | 9 |
RV Information
| Number of RV Lots: | 17 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |