Contact Information
Connor Meyette
Mobile Home Park Details
- Price: $1,300,000
- Purchase Method: Cash, New Loan
- Cap Rate: 12.3% (Actual)
- Listing ID: 6926910
- Posted On: Jun 20, 2025
- Updated On: Sep 21, 2026
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 $14,475 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 15.48%. All homes had new metal roofs installed in 2019. One well got a new pump and tank installed in 2024 and another well had the same work done in ~2020. All homes are on septic. There is city water located across from Fieldstone ct, making it a possibility to hook up to if you desire. There is a possibility, but not confirmed, to add 4 additional homes if you were to parcel 2 acres that have no development on them. Buyer to verify all details.
Amenities
- Storage
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: | $173,700 |
| Operating Expense: | $13,610 |
| Net Operating Income: | $160,090 |
| Expense Ratio: | 7.8 % |
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: | $758 |