Description
Property has 4 addresses. 2 park owned existing mobile homes on property that are leasing for a total of $2080 a month. expenses are extremely low because of well and septic. all figures and info are supplied by seller and are not guaranteed and should be verified. electric is less than $50 a month and culligan has a water purifier rental for $130 a mo. taxes are $945 a year or $79 a month. noi around $21,855 a year giving a cap rate of 10.98%. both units have been extremely well appointed during the rehab process with new kitchen cabinets in both units. both even have granite kitchen countertops. unit 8213 up front is a 1bd/1ba. unit 8211 in back is a 14' wide (not the normal 12) and is a 2bd/2ba. both bedrooms have their own bathrooms. one even has a garden tub and walk-in closet. both units have central hvac and most appliances are new. both units have washers and dryers. you'll see the quality and very little deferred maintenance the seller takes pride in. seller has another mhp (mls# 737012) and owns both land and all units. 11 paying rentals located appx 1.5 miles away at 6904 thru 6920 penny rd. asking price $1.2m. onsight manager/maintenance person takes care of both parks and is extremely trustworthy. seller offering both properties at $1.4m (savings of appx 100k). cap rate is currently 8.08%. the larger park has 2 vacant lots that used to have units on them. let someone put a unit on each of those vacant lots for $600 per unit raise rents by 7.5% and your total cap rate would be 10.06% based on $1.3m sale price. call today for more details.
Property Type
ResidentialSubdivision
West Park AddCounty
BayStyle
MobileHomeAD ID
49158080
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 3
- Full Baths: 3
Heating & Cooling
- Heating: Central,Electric
- Cooling: CentralAir,Electric
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Exterior Features
Building Information
- Year Built: 1980
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Property / Lot Details
Lot Information
- Lot Dimensions: 125 X 415 X 383 X 267
- Lot Description: Cleared
Property Information
- Subdivision: No Named Subdivision
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Listing Information
Listing Price Information
- Original List Price: $199000
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Taxes / Assessments
Tax Information
- Annual Tax: $829
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School, Utilities & Location Details
School Information
- Elementary School: Deer Point
- Junior High School: Merritt Brown
- Senior High School: Mosley
Utility Information
- SepticAvailable,WaterAvailable
Location Information
- Direction: Hwy 231 North past 390 to Left on Hwy 2301 located 2.7 miles down on left/Also in GPS
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BuyOwner last updated this listing 04/08/2025 @ 10:20
- MLS: 730828
- LISTING PROVIDED COURTESY OF: Melissa Barbee, Realty One Group Emerald Coast
- SOURCE: BCAR
is a Home, with 3 bedrooms which is for sale, it has 1,470 sqft, 1,470 sized lot, and 0 parking. are nearby neighborhoods.