Contact info

• 813-319-6461 [Office] 

Description

VALUE ADD INVESTMENT OPPORTUNITY! Blue Springs Mobile Home Park is approximately 14.5 Acres, located within minutes of Jackson Blue Springs. All combined, there are 69 Rentable Mobile Home/RV Lots. Current Cap Rate is 8.37% based on asking price. With Occupancy currently around 45% and 28 park-owned homes, this is an excellent Value-Add Opportunity! Based on the demand in the area, there is significant upside potential for an investor to increase the number of units on-site and nearly double the current NOI. Septic Tanks are in place to serve the majority of the park. A D.E.P. Water Well supplies all of the lots on-site. With onsite management in place, this park does not require an investor to be involved with Day-To-Day operations. For further information or to receive an Offering Memorandum, please fill out a Confidentiality Agreement attached to this listing and return to Listing Agent. Building price details: $1,100,000.

Property Details

• Building Name:Blue Springs Mobile Home Park
• Type: Multifamily
• Use Types:Special Purpose, Business Opportunity
• Status: Available
• Year Built: 1989
• MSA: Tallahassee
• Buildings: 28

Exterior Features

• Parking: Yes
• Parking Spaces: 69

Terms

• Cash to Seller 

Agent

Map Locations