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$699,000
Est. payment /mo
0.6 Acres Lot
UPDATED:
Key Details
Property Type Mobile Home
Sub Type Mobile Home
Listing Status Active
Purchase Type For Sale
Subdivision [No Recorded Subdiv]
MLS Listing ID 766104
HOA Y/N No
Year Built 1997
Lot Size 0.600 Acres
Acres 0.6
Property Sub-Type Mobile Home
Property Description
Investors - take note! This is a rare opportunity to own a high-cash-flow mobile home park generating $76,600 annually in gross rents, with the potential to increase to $91,000 by adjusting rents to include the owner's residence. Situated on a 0.6-acre lot just off Transmitter Road, this park is conveniently located near thriving businesses. The property includes six mobile homes, all of which are currently leased on month-to-month agreements. Updates include all-new metal roofs installed since 2019, new skirting, and additioal improvements throughout the units, enhancing their durability and appeal. Each unit is metered separately, with tenants responsible for paying their own utilities, reducing operating expenses for the owner. 2024 expenses approx. $11,322; 2024 projected NOI for 5 units is $65,278. When including the owners unit (6 units total) possible NOI is $79,678. With a 10%+ CAP rate, this low-maintenance property is primed for stable cash flow and significant ROI. Opportunities like this are rare--contact us today to secure this proven income generator!
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Cooling Window Unit(s), WallWindow Unit(s)
Fireplace No
Exterior
Utilities Available Sewer Available, Water Available
Roof Type Metal
Building
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Cedar Grove
Middle Schools Merritt Brown
High Schools Bay
Others
Tax ID 11918-254-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
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Listed by Keller Williams Success Realty