Value Add Opportunity | Pine Village MHP

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30806778
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: See Agent
Building Size (RSF): 10 SF
Gross Building Area: See Agent
Gross Land Area: 3.73 Acres
Sale Price: $710,000
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/5/2022

Overview / Comments

Beck Partners is pleased to present for sale Pine Village Estates. This Mobile Home and RV park is located in the Pensacola, Florida MSA just outside Milton. Sitting less than a mile north of Interstate 10, this property has easy access to many of the booming markets along the Florida Panhandle including just a 10-minute drive to Pensacola City Limits. This property features 13 long term RV lots and 7 mobile home lots. The Mobile Home Lots rent for $425/month and the RV lots rent for $525/month for the ones with electric included and $425/month for the ones that don’t. One occupied park owned home is included with the park but is assigned no value. The park is serviced by public water and septic tanks. Current ownership has done extensive work on the drain fields over the last few years. This property was rezoned to P2 which allows for the expansion of the RV lots on the additional +/- 2 acres of vacant land that is included with the park. The demand for RVs along this part of I-10 is high and the average monthly rate for other RV parks in the area is $650 without electric. Land values in the immediate area are steadily increasing with several new developments including a new Loves Truck Stop just south of the property.

Located in Pensacola, FL MSA
Less than One Mile North of I-10
Additional Land Included for RV Expansion
Value- Add Opportunity

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 23-1N-28-0000-00700-0000
Zoning: MHP

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,856 36,782
Median Age: 38.35 38.23
Households: 4,679 13,009

Contact

Photograph of Listing Agent

Jared Jackson

Beck Partners CRE, LLC
TALrex.com Member
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