Mobile Home Park Details

Distressed: This property is in default, REO or in foreclosure.
Listing ID: 1374672
Posted On: Jan 4, 2021
Updated On: Jan 14, 2021

Description

Our firm is assisting the Chapter 11 Trustee in his efforts to sell the business or assets of Gainesville Road Community Trust in Marion County, Florida and Plum Circle Community Trust in Washington County, Florida. The Gainesville business includes two mobile home parks in Ocala, Florida, located approximately 3 miles from each other. The Plum Circle business consists of a standalone property in Chipley, Florida.

Overview
• Three income producing mobile home parks for sale via auction
• Two located in Ocala, FL
• One located in Chipley, FL
• Properties available individually or in combinations
• 109 total home sites
• 76 are currently occupied

Timing
• Bid deadline is January 13, 2021.
• Auction is scheduled for January 15, 2021 at 10:00 Eastern.
• Closing to occur by January 22, 2021.

https://www.dropbox.com/sh/ztiw8i9gd8wzsid/AACjqP8j8FDxvN3T2uczCOJsa?dl=0

Location

• Site Size: 336,283 sq. ft.; 7.72 AC
• Zoning/Land Use: P-MH, Mobile Home Park/Commerce District
• Description: 55 total mobile home sites with on-site water well and wastewater treatment facility; individually metered electrical service; garbage pickup (per unit)
• Vacant Home Sites: 8
• Vacant Mobile Homes on Sites: 9
• Occupied Mobile Homes on Sites: 38
• All of the sites feature frontage along interior single-lane asphalt paved streets; amenities include a manager’s office with laundry facility, three storage units, mail kiosk, and a 4’ high fence along NW Gainesville Road.
• Built in 1973
• Potential Gross Income @ $700 per month=$462,000 annually

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