Very profitable mobile home park for sale in Tallahassee FL. Park is appoximately 5 miles from FSU and only 1 mile from Walmart. Lake Talquin is also nearby.
Property details:
There are a total of 44 lots on 4 parcels, totaling approx 9.9 acres. Of the 44 lots, 36 are park owned mobile homes, there are 3 Vacant lots to add for additional revenue and also 5 tenant owned homes who pay $300 a month in lot rent. There is also a park owned RV onsite that is included in sale. (1995 30ft Cobra added since we have owned park .)
Most of the park owned homes are single wide and are 2/1's or 2/2's. There are a couple 3/2's and one 4/2.
Ages of the mobile homes range from 1960's to 1990's.

Since owning the park, we have done many things to make it a more quiet and family friendly park. Many upgrades and updates have been completed to include replacing and repairing some roofs, flattening and widening roads, tree removal/trimming, taking down all various fencing on property to open it up, increased many rents to market rents, several evictions completed, thorough backgrounds have been completed on newer tenants. Property stays full for the most part except when evictions have occured, but then rent again very quickly. There are several long term tenants on the property whom have been here several years even a decade plus.
Owner/Park pays for
City Water- ranges from $760-$1250 mo
Garbage- 2 dumpsters $503 mo
Liability Ins- $285 mo
Prop Tax 2020- $499 mo
Grounds- depends on summer or winter

Park is on city water and septic tanks. Most all units have their own septic although a few do share a tank.

Current gross is $21,150 when all units are rented. There is one unit that has been completely gutted , re floored and all new studs and wire. Once completed, this would easily rent for 875-900 month due to everything being brand new inside. This amount is not included in current gross rent mentioned above.
Rents are currently between $500 and $800 a month on all park owned homes. The upside is adding 3 more mobile homes on the Vacant lots and completing the unit that is in process of complete remodel.
Please contact me if interested. Please do NOT talk to any tenant as no one knows the park might possibly be sold. I do not want any one scared off . Email: kcaraway27@gmail.com

Thank You