Small Mobile Home Park with BIG Returns $$$$

4716 Chumuckla Hwy, Pace, FL 32571

6 mobile homes and one 3-bedroom home - All Park Owned Homes and 100% occupied.

$595,000
Cash or Hard money no owner financing

*Current income $83,400 a year

*Current Expenses $23,448

*Current NOI $59,952

*Current Cap Rate: 10.07%

*If you pay 25% toward the down payment and took a loan at 8.5% interest rate, your payment will be $3,421 a month, which will make your cash flow $1,575.

Description:
Discover an exceptional investment opportunity with this well-maintained mobile home park in the heart of Pace, FL. Situated in a prime location, this park offers a winning combination of modern homes, convenience, and ease of management, all while boasting an impressive 10.07% cap rate, little to no deferred maintenance, under market rents for future value add.

Modern Homes:
This mobile home park features a portfolio of manufactured homes built in 2005 and newer, providing residents with comfortable and contemporary living spaces. The modern homes attract quality tenants, ensuring long-term stability and higher rental income.

Prime Pace Location:
Located in the thriving community of Pace, FL, this park benefits from its proximity to major employers, schools, shopping centers, and recreational facilities. It's an ideal spot for tenants seeking convenience and a sense of community. WALKING DISTANCE TO THE BEACH!

Easy Management:
Managing this park is a breeze, thanks to its efficient infrastructure and low maintenanc requirements. The well-organized layout and reliable utility systems make day-to-day operations hassle-free.

Impressive Cap Rate:
With a solid 10.07% cap rate, this investment opportunity offers an attractive return on investment. You'll enjoy a steady stream of income while benefiting from the potential for property value appreciation.

Diverse Lots:
This mobile home park offers a total of six mobile home lots, plus an additional single-family residence, providing a diverse range of rental income opportunities.

link for more pictures
https://drive.google.com/drive/folders/1cv2E5e7Gto6IxobOYgFtyMVzXlO8Pc-n?usp=drive_link

An earnest money deposit of $10,000 is required to reserve this property. Earnest money will be refundable for a short due diligence period and then become non-refundable at the end of due diligence. MUST MOVE FAST!

Thank you for taking a look!

Rebecca Jensen
801-865-4167
[email protected]

Location:

4716 Chumuckla Hwy, Pace, FL 32571, Pace, FL 32571