5638 Aenon Lane

Multi-Family for Sale
Catylist Listing ID: 30627273
Property Subtypes: Mobile Home Park
Number of Units: 22 Units
Building Size (RSF): 900 SF
Gross Building Area: See Agent
Gross Land Area: 5 Acres
Sale Price: $1,200,000
Unit Price: $54,545.45 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2020

Overview / Comments

This mobile home park sits on 5 acres and has a total of 22 lots. There are 19 mobile homes with 18 currently occupied. Average rent for the park is $580/month while newly renovated units bring $625/month for 2br/1ba homes. There are two wells and 22 septic tanks on site. All lots are individually metered and six HVAC's were replaced in the last year. All trailers are owned by the park owner.

Purchase Price $1,100,000
In-Place NOI $106,185 | ProForma NOI $142,485
Cap Rate 9.65% | ProForma 12.95%
COC Return 17.35%
Limited Expenses

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 2131202160000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,808 30,473 105,319
Median Age: 28.16 25.9 27.64
Households: 724 12,511 41,129
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