5146 Gold Drive, Marianna, FL 32446

5146 Gold Drive, Marianna, FL 32446
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Commercial property for sale
- 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 contact listing agent. Building price details: $1,100,000.
- Exterior Features
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Parking: Yes Parking Spaces: 69 - Map Locations
- Contact info
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Coach Cook813-319-6461 [Office]
- Note
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- Property Details
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Building Name: Blue Springs Mobile Home Park Property Type: Multifamily Use Types: Special Purpose, Business Opportunity Status: Available Price: $ 15,942 +/Unit Number of Stories: 1 Year Built: 1989 MSA: Tallahassee Buildings: 28 Terms: Cash to Seller Added: 07/26/2013 Last Update: 08/30/2013