Mobile Home Park Details

Cap Rate: 9.3%
Listing ID: 1689440
Posted On: Jun 10, 2022
Updated On: Oct 19, 2022

Description

Beck Partners is pleased to present for sale Pine Village Estates. This Mobile Home and RV park is located in the Pensacola, Florida MSA just outside Milton. Sitting less than a mile north of Interstate 10, this property has easy access to many of the booming markets along the Florida Panhandle including just a 10-minute drive to Pensacola City Limits. This property features 13 long term RV lots and 7 mobile home lots. The Mobile Home Lots rent for $425/month and the RV lots rent for $525/month for the ones with electric included and $425/month for the ones that don’t. One occupied park owned home is included with the park but is assigned no value. The park is serviced by public water and septic tanks. Current ownership has done extensive work on the drain fields over the last few years. This property was rezoned to P2 which allows for the expansion of the RV lots on the additional +/- 2 acres of vacant land that is included with the park. The demand for RVs along this part of I-10 is high and the average monthly rate for other RV parks in the area is $650 without electric. Land values in the immediate area are steadily increasing with several new developments including a new Loves Truck Stop just south of the property.

Location

Milton is a city in Santa Rosa County, Florida. It is the county seat of Santa Rosa County, and is located in the Pensacola–Ferry Pass–Brent Metropolitan Statistical Area (Population 511,502) also known as the Pensacola Metropolitan Area. Milton is located in the geographic center of Santa Rosa County, it is bordered by Pace to the west, and Navarre to the South. The town was incorporated in 1844 and is home to Naval Air Station Whiting Field. Whiting Field is one of the Navy's two primary pilot training bases and provides training for U.S. Navy, U.S. Marine Corps, Coast Guard, and Air Force student pilots, as well as those of several allied nations.

Milton offers waterways by the names of Coldwater, Blackwater and Sweetwater, which flow through the town, drawing paddlers, rafters and tubers. Located along the banks of the Blackwater River, downtown Milton is a designated Florida Main Street Community and is listed on the National Register of Historic Places. In Milton, a place rich with history and culture, you will find the Museum of Local History, the 1912 Imogene Theater, the L&N Train Depot and many other interesting attractions. In addition, the Blackwater River is a designated Outstanding Florida Water, a waterway worthy of special protection, because of its natural and rare attributes.
https://www.visitflorida.com/places-to-go/northwest/milton/

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