Mobile Home Park Details

Distressed: This property is in default, REO or in foreclosure.
Listing ID: 1374674
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: 114,998 sq. ft.; 2.64 AC
• Zoning/Land Use: B-1, Neighborhood Business/Commercial
• Description: 24 total mobile home sites with on-site water well and septic system; individually metered electrical service; on-site community garbage dumpster. All home sites feature frontage along an interior two-lane asphalt paved street.
• Vacant Mobile Homes on Sites: 2
• Occupied Mobile Homes on Sites: 22
• Built in 1979
• Potential Gross Income @ $700 per month=$201,600 annually

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