Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1902047
  • Posted On: Oct 4, 2022
  • Updated On: Dec 29, 2022

Description

IMMEDIATE INCOME AWAITS NEW OWNER. This unique property has 3 homes fully occupied and income producing! This is a prime location due to the close proximity to Pensacola, Fla., I-10 and Alabama's white-sandy beaches. First is a 3-BR, 2-bath double-wide mobile with a split plan (built in 1999, 1,792 sq. ft.). Kitchen has significant storage and a portable dishwasher. Large living room, den with wood-burning fireplace, formal dining. The master bath is large, with an open area begging for a walk-in shower or extra storage, as well as having a deep walk-in closet. New central heat and four window AC units in 2021. Second is a 1-BR, 1-bath site-built cottage (built 1999, 800 sq. ft.). Open floor plan, large laundry room, storage. New window units. Third is a 3-BR, 2-bath single-wide mobile with a split plan (built 1997, 1,280 sq. ft.). New kitchen cabinets, 3/4" vinyl flooring, ceiling fans, metal roof and window units. All tenants are on a month-to-month lease ($1,300, $925 and $1,150 respectively). Deep well (new in 2021) with filtering systems serves all homes; each home has its own shut-off valve. However, public water is available with meters already installed at the street. A second capped well is available at the back for added need. New water heaters in all homes in 2021. Each home has its own septic system. Then there's the fact that there's a back pasture perfect for a horse or two, to build a barn, or to develop as you see fit. Per a contact in the county zoning dept., you can also divide the property into two parcels. Back pasture offers more income potential, with using for RV or boat storage possible without further development costs! Appointment required, with a day's notice requested so all tenants can be adequately notified. If needing to finance, must be preapproved for a residential commercial loan that allows mobile homes since the property is being used as rentals and has three dwellings. (A list of a few lenders is available by request.)

Location

Seminole is a prime location for these rentals due to the close proximity to Pensacola, Fla., I-10 Alabama's beautiful white-sand beaches.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 3
Total Occupancy: 100.0 %
Average MH Lot Rent: $13,500
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $40,500
Debt Info: Vendor's lien to clear

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic