Oak Grove Mobile Home Park

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30753941
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 60 Units
Building Size (RSF): 1,000 SF
Gross Building Area: See Agent
Sale Price: $2,150,000
Unit Price: $35,833.33 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 9.0%
Last Updated: 1/6/2022

Overview / Comments

Beck Partners is pleased to present for sale, Oak Grove Mobile Home Park in Pensacola Florida. This 60 site park is located close to Downtown Pensacola and is within walking distance of several employers and national retailers including Lowes, Home Depot and Walmart among others. This park features a combination of mobile home lots as well as long term RV lots with tenants that are on annual leases. The property features a park office that has an income producing laundromat as well as restrooms and showers. The current ownership has invested a significant amount of capital into cleaning up and improving the park over the last two years. The park is serviced by public water that is master-metered and septic tanks. The only five homes that are owned by the park are on rent to own contracts (RTO), all but one rent to own contract mature by March 2021. There is upside opportunity in continuing to increase the current rents to market and adding submeters to bill back the water expense.

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Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 342S300340001034

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,947 85,913 148,936
Median Age: 35.63 35.67 37.78
Households: 6,255 32,119 59,073


Photograph of Listing Agent

Jared Jackson

Beck Partners CRE, LLC TALrex.com Member
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