Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park
Blue Springs Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Listing ID: 692860
  • Posted On: Aug 1, 2016
  • Updated On: May 31, 2017

Description

Priced reduced ! Location, Location, Location! A big investor opportunity to purchase a cash flowing 33 lot Mobile Home Park with possible future expansion to 67 lots. Situated approximately 65 miles west of Tallahassee, the capital of the state of Florida in the city of Marianna, FL. Tenants enjoy being in the heart of the panhandle on 14.5 acres and only 1.5 miles from Jackson Blue Springs recreation area for swimming, fishing and boating. Out of state owner is selling 28 park owned homes with 5 additional tenant owned homes on park owned lots for a total of 33 lots with the growth potential of up to 67 Mobile Home/RV Lots. Currently at this time 28 cash flowing homes and 5 lots are at 100% occupancy. Use your capital to enhance the current park and add additional homes with some infrastructure already in place to double your cash flow. Septic systems, Electric hook ups and a D.E.P. Well are in place. Professional property management overlooks the property. Rents have not been increased in a while. Set up week to week rentals for divers that frequently visit the area for underwater cave diving at Florida Caverns State Park nearby. Septic: down for 47 of 67 lots. 67 lots are approved for septic tanks. Estimated 20 more lots could be put in, but approval would be needed for septic for anything over 67 lots.Well: the well will support the entire park.Hookups are on 67 lots plus 6 additional RV lots. Electric: Owner believes all 67 lots plus 6 RV lots have hookups Zoning: 67 lots are approved. approximately 20 more would fit, but would need approval. NDA requested for financials (see attached) and proof of funds for showings. An opportunity like this only comes around once in a while. So call today !

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Park Information

Community Type: All Age
Number of MH Lots: 67
Total Occupancy: 95.0 %
Year Built: 1989
Average MH Lot Rent: $370
Size: 15 acre(s)

Financial Information (Pro Forma)

Gross Income: $146
Operating Expense: $46
Net Operating Income: $99
Expense Ratio: 31.5 %

RV Information

Number of RV Lots: 5

Utility Information

Water: Well
Sewer: Septic

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