Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 68516
- Posted On: Oct 29, 2014
- Updated On: May 1, 2017
Description
DRASTIC PRICE REDUCTION !!! Four acre (MOL) 16 licensed space MHP located in a quiet farm based community. Less than 2 miles from the center of town and State Road 4, with a supermarket, furniture store, pharmacy, Subway, etc. Less than half hour drive to major shopping areas, such as SuperWal-Mart, K-Mart, Publix.(Milton, Pace, FL or Brewton, AL). Near Pensacola (about 30-35 miles)(under 1 hr.) Blackwater State Park about 20 minutes away (to east on SR4) and Escambia river boat ramp (About 4 miles to West on SR4)About a half hour to Casino (Atmore, AL) Currently 3 lots rented at $200 per month. Each space has own septic system (problem free) and separate electric metering . City water with separate metering as well. Only current expense is RE taxes ($858 yr) County allows up to 10 MH's per acre(Subject to approval), so there is great potential for growth. RV's could be added as well. Only half the park is in use. Plenty of room for storage. Park is beautiful,
clean and manicured. No permanent buildings. Owner has other interests. Park is zone Multi-family residential. Could be converted to multi-family. (Condo's, Apartments, or single family homes) Has current state license to operate as a mobile home park and has the proper county health permit. Make offer. Dave 850-686-5814
Location
Located just outside(no town ordinances)(and about 1 mile from the excellent grammar and high schools) the town of Jay, FL 32565, between CR 197A and CR 89 just off of Godwin Rd. These are major north and south roads and is just 1.9 miles south of State Route 4, a major east-west route with high traffic. Custer Lane is a private road wholly within the Park. Zoned Multi-Family Residential. could be converted to house lots, apts, condos,etc. Locate on Google Earth for the best view.
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 18.0 % |
| Year Built: | 70 |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $1,200 |
| Operating Expense: | $1,098 |
| Net Operating Income: | $102 |
| Expense Ratio: | 91.5 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 16 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 16 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
