495000.00 Dollar US$ mobile home park sale near jacksonville florida seller finances! Middleburg

 Mobile Home- Manufactured Home

12 Unit MHP near Jacksonville-Seller Financing


27 bed / 17 bath 10,000 sq ft Built in 1970


Middleburg, FL


Incredible opportunity with this mobile home park on 9 acres located in booming Middleburg Florida, 25 minutes south of Jacksonville. New home developments are going up all around so this may be a future development play. The investment includes 11 older mobile homes, one single-family home, and a large barn/storage building. The city is not allowing additional mobiles to be added to the property but will currently allow replacements that fit existing footprints. Tons of green space and large lots make this park a highly sought after rental community. Occupancy has always been near 100%. There is currently one unit in need of renovation to make rental ready and all others are occupied, many with long term tenants. Current tenants are on month-to-month agreements and are paying below-market rent, leaving room to increase rents and add value. Current gross income is approximately $8,375 per month. The property is on well water and each mobile is on it’s own septic system. A few of the mobiles share an electric meter, the cost of which is paid for by the owner and averaged into the tenant’s monthly rent. Most mobiles are on their own meters and paid for by the tenants. Expenses are very low and consist of lawn service, dumpster service, property taxes, and basic maintenance. This is currently being handled by one of the tenants in exchange for rent. Our Pro-forma analysis includes insurance and professional management expenses as well. Seller financing is available with only $148,500 down.


Investor Price


$495,000


Retail Value


$700,000


Rehab Level


Light-Moderate
View property details


 


 


ap j 18


  •  Published date: January 18, 2021
  •  Region: Florida
  •  City: Middleburg
  •  Address: Middleburg
  •  Phone number: Middleburg
  •  Views: 2



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