Property details
Tallahassee, FL 26 Space Mobile Home Park, Southeast Region
Property Description
Tallahassee, FL 26 Space Mobile Home Park
This is an off-market and confidential offering.
This is not a "Cap Rate" opportunity (If looking for a park to purchase on existing income, this park will not work due to only 1/4 of the property is in use).
Located on 20 acres.
Twelve of the sites have park owned mobile homes.
The value-add lies in the remainder of the land can developed into mobile home spaces, RV lots or multifamily.
The key to a successful development is to hire an engineering firm that is connected.
Other parks in the area are dumpy and virtually collapsing
There is nothing else developed on this road
Estimated 159 mobile home spaces available if the property is developed out to its maximum
This site is located approximately 1-mile from Super Wal-Mart, car dealerships, a KFC and 2-miles from the I-10.
Zoned for 8 mobile homes per acre (may be able to stretch up to 12)
Currently on DT well and on a central septic tank system
Available for upgrade to municipal water and sewer which runs under the roadway.
Currently a "C-grade) mobile home park (the mobiles are old, 80's and 90's).
The owner runs a this park as a 55+ park, however, its not formally registered as a 55+ park.
All of the mobiles are park-owned.
All leases were originally 1 year leases which converted to month to month.
This property does have some swamp land.
Images
Highlights
- Status:
- Available
- Price:
- $995,000
Property Information
- Property Type:
- Mobile Home Parks
- Industry Type:
- Mobile Home Park
- Units/Spaces:
- 26
- Land Area:
- 20.00 acres
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.