Contact Information
Mobile Home Park Details
- Price: $800,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.4% (Actual)
- Listing ID: 6923155
- Posted On: Jun 16, 2025
- Updated On: Aug 6, 2025
Description
Welcome to Your Next Turn-Key investment to sit back and rake in some Cash in the heart of Bonifay, Fl. In 2024, the homeownership rate was 51.8%. This location is your secondary/tertiary Market Park.
Amazing opportunity to let your money work for you. Rents are below market. Great chance to raise rents! All month-to-month leases. Seller simply pays for taxes (3,847.45), wells and septic's.
Age of homes are as follows: 2015, 2000, 1999, 1995 x 3, 1997, 1985, 2005 x 2
Tenants Pay All Utilities.
Individually Metered.
Open to Seller Financing with 40%+ down, 12% Interest
Seller has all Titles to Homes.
DWs are 3/2, 3 of the SW are also 3/2 and remaining (5) SWs are 2/2.
Septic has been replaced. Septic's were recently pumped.
3 Tanks in total.
Homes do not carry insurance.
Location
COM AT LIGHTWOOD STAKE MARKING THE SW COR OF SE1/4 OF NW1/4 TH E 280 FT TO W R/W OF A 50 FT GD RD TH N 120 FT ALG SAID R/W TO THE BEG OF A CURVE TO RIGHT TH ALG A CURVE TO THE RIGHT 355.22 FT ALG SAID R/W TH E 80 FT ALG R/W TH N 396.66 FT TH W 558.92 FT TH N 248.50 FT TH N 24.63 FT TO POB TH N 265.47 FT TH E 918.83 FT TO W R/W OF A 50 FT GD RD TH S 264.10 FT ALG SAID R/W TH W 894.31 FT TO POB OR 226/505 OR 260/622 OR 260/624 WD-OR579/239 WD-OR601/428
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 100.0 % |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $104,400 |
| Operating Expense: | $20,880 |
| Net Operating Income: | $83,520 |
| Expense Ratio: | 20.0 % |
Lot Information
| Singlewide Lots: | 8 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $900 |
