www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze property details including ownership and financial history. Share advanced property insights with your clients and teams.

2614 Springhill Road MHP Mobile Home Park

Mobile Home Park | 10 Pads | $82,500/pad

Listing Contacts

Active

Asking Price: $825,000
Address 

2614 Springhill Rd, Bonifay, FL 32425

Show on Map
Date Added
Aug 14, 2024
Days on Market
212 days
Time Since Last Update
116 days

Details

Property TypeMobile Home Park
Subtypemhp
Investment TypeValue Add
ClassB
Cap Rate7.13%
NOI$58,784
Units10
Pads10
Price/Pad$82,500

Marketing Description

Bonifay, Florida, is a rural town in Holmes County, known for its strong agricultural roots and close-knit community.​ The area is surrounded by farmland, where crops like peanuts and cotton, as well as livestock farming, play a significant role in the local economy.​ Bonifay's location near major roadways, such as U.​S.​ Highway 90 and Interstate 10, provides convenient access to larger cities like Pensacola and Tallahassee, which enhances opportunities for trade and transportation.​ The town also features essential amenities, including schools, healthcare facilities, and local businesses, contributing to its appeal as a hub for both agricultural activity and a quiet, rural lifestyle.​

Investment Highlights

- 100% occupied with long term tenants
- 10 Park Owned Homes Consisting of 2: 3 bed 2 bath , and 8: 2 bed 2 bath
- Adjusted NOI $58,784

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,784.00
$4,898.67/mo

Valuation Metrics

0
DSCR
7.13%
Cap Rate
7.13%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


Similar Properties for Sale

Pictures of Mobile Home Park property located at 1004 N Oklahoma St, Bonifay, FL 32425 for sales - image #1
$525,000
1004 N Oklahoma Street Mobile Home Park
Mobile Home Park • 7 Pads • $75,000/pad

1004 N Oklahoma St Bonifay, FL 32425

Pictures of Business for Sale, Mobile Home Park property located at 2617 Heavenly Dr, Marianna, FL 32448 for sales - image #1
$205,000
2627 Heavenly Dr. Estates
Great potential with seven septics and cleared land for more mobile homes or RVs!!!

2617 Heavenly Dr Marianna, FL 32448

Pictures of Mobile Home Park property located at 2384 FL-73, Marianna, FL 32448 for sales - image #1
$790,000
2384 FL HWY 73 Mobile Home Park
Mobile Home Park • 9 Pads • $87,778/pad

2384 FL-73 Marianna, FL 32448

Pictures of Mobile Home Park property located at 2760 Panhandle Rd, Marianna, FL 32446 for sales - image #1
$790,000
2760 Panhandle Road Mobile Home Park
Mobile Home Park • 8 Pads • $98,750/pad

2760 Panhandle Rd Marianna, FL 32446

Pictures of Mobile Home Park property located at 100 Lunsford Cir, Opp, AL 36467 for sales - image #1
$2,300,000
Opp Estates MHC
City water & city sewer!

100 Lunsford Cir Opp, AL 36467

Pictures of Mobile Home Park, Multifamily property located at 2811 Jelly Ln, Crestview, FL 32539 for sales - image #1
$4,500,000
Blueberry Country Estates
Mobile Home Park • 5.44% CAP • 60 Pads

2811 Jelly Ln Crestview, FL 32539

Pictures of Mobile Home Park property located at 2959 County Rd 2214, Troy, AL 36079 for sales - image #1
$760,000
Troy MHP
Mobile Home Park • 7.59% CAP • 27 Pads

2959 County Rd 2214 Troy, AL 36079

Pictures of Mobile Home Park property located at 208 Trojan Way, Troy, AL 36081 for sales - image #1
$399,000
Trojan Way MHP - Troy, AL
Mobile Home Park • 13 Occupied Lots • Low Maintenance Property

208 Trojan Way Troy, AL 36081

Pictures of Mobile Home Park property located at 1851 Banberry Way, Tallahassee, FL 32310 for sales - image #1
$1,800,000
Springwood Estates
Great opportunity in an upcoming city with multiple upside opportunities from infill to low rents.

1851 Banberry Way Tallahassee, FL 32310

Pictures of Mobile Home Park property located at Burks Ln, Tallahassee, FL 32304 for sales - image #1
$825,000
Tallahassee Mobile Home Portfolio
Mobile Home Park • 9.00% CAP

Burks Ln Tallahassee, FL 32304

Pictures of Mobile Home Park property located at 290 Ada Ct, Tallahassee, FL 32305 for sales - image #1
$2,750,000
Oakwoods MHC
A 75 Lot Value-Add Manufactured Housing Community With Upside in Florida's Capital City

290 Ada Ct Tallahassee, FL 32305

See more properties for sale in Bonifay
See More
See More Similar Properties
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .