Contact Information

Mobile Home Park Details

  • Price: $1,500,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.8% (Actual)
  • Listing ID: 6926910
  • Posted On: Jun 20, 2025
  • Updated On: Jul 22, 2025

Description

Welcome to Friendly Acres, an income producing mobile home park with 19 homes only 5 minutes from downtown Marianna, FL. Situated on 9 acres, this park features fifteen 3 bed/2 bath homes, one 3/1.5 home, and three 2/1 homes. All units are currently occupied and generating $13,375 per month. Many homes are leased below market rent creating an easy opportunity to raise cashflow. Raising rents to market level brings the pro forma cap rate to 13.41%. All homes had new metal roofs installed in 2019. There are 2 wells on the property with one having a new pump and tank installed in 2024 with the other well having the same work done in ~2020. There are approximately 15 septic tanks. There is city water located across from Fieldstone ct, making it a possibility to hook up to in the future.

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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 100.0 %
Year Built: 1992
Size: 9 acre(s)

Financial Information (Actual)

Gross Income: $160,500
Operating Expense: $13,610
Net Operating Income: $146,890
Expense Ratio: 8.5 %

Lot Information

Singlewide Lots: 16
Doublewide Lots: 3

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 19
Average Rent for Park-owned Homes: $704

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