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22182817
22182826

2630/2650 Blocker Church Road, Chipley, FL 32428

Think Real Estate
Listed by Think Real Estate
$785,000
457 days on market
Updated 451 days ago

2630/2650 Blocker Church Road

Details
Property Type Multifamily
Sub Type RV Park, Mobile Home Park
Square Footage 6,848
Units 7
Cap Rate 9.96%
Class A
Year Built 1993
Lot Size (SqFt) 192,535.2

Great Opportunity to purchase an income producing property with a 9.96% Cap Rate

Marketing description

2630 Blocker Church Road This well-established mobile home park, located at 2630 Blocker Church Road, offers an excellent investment opportunity with 8 licensed spaces. The property includes 4 homes currently rented, with 3 pullout spaces and 1 vacant lot available for future development or additional homes. Property Features: Licensed Mobile Home Park: 8 spaces in total, licensed and ready for use. Water System: The property is serviced by a private well that supplies all 8 homes. The owner contracts with Culligan for monthly water servicing. (Price will be adjusted once the water service system is complete). Septic System: 4 septic tanks servicing different lots. Chain-link fencing surrounds each property, providing privacy and security. Each lot is equipped with a power pole (electricity paid by the tenant). Each home has skirting, a driveway, and steps for easy access and aesthetic appeal. Currently, 4 homes are rented with steady income and the remaining 4 lots include 3 pullouts and 1 vacant lot, offering room for expansion or future development. 2650 Blocker Church Road is considered private property and offers a unique investment opportunity with two lots and existing utilities already in place. Two Lots: Lot 1: Features a home situated at the front of the property. Lot 2: A vacant lot at the back of the property, ready for development or future expansion. The property is serviced by a private well that supplies water to both lots, with Culligan providing monthly servicing. The well pump was recently replaced in 2023, ensuring reliable water service. The property has one certified septic tank that services both lots, ensuring proper waste management. Power poles are installed at each lot, with tenants responsible for paying the electricity. The well water system is managed by the property owner. Both lots feature a driveway, skirting, and steps, ensuring easy access and functionality. The vacant lot at the back of the property provides a prime opportunity for further development, whether for another mobile home or other uses, subject to zoning regulations. The access road to the property is dirt, offering a more rural and private setting. This property offers a great foundation for someone looking to own and manage a small mobile home setup with the potential to develop the vacant lot further. The existing utilities and infrastructure make it an attractive option for both investors and those seeking a private residence. 5665 Hwy 77 (Parcel ID: 00000000-00-3038-0009) is considered private property and offers an excellent investment opportunity with 2 occupied lots and the potential for future development. The property is well-maintained and includes utilities and infrastructure in place. Two occupied lots and well-maintained. The property uses a private well to supply water to all homes, with Culligan providing monthly servicing. The well pump was replaced in 2023, ensuring reliable service. Each lot has a separate septic tank. Lot B had a new drain field installed within the last 2 years, ensuring proper waste management. Power poles are installed at each lot, with tenants responsible for electricity payments. Well water is shared by the owner, servicing all homes. Both lots feature driveways, skirting, and steps, providing easy access and aesthetic appeal. Street: The property is accessed by a dirt street, giving it a private and rural feel. Included in the sale is Parcel ID: 00000000-00-3043-0007 along with a triangular lot that could accommodate 1 to 2 additional homes, offering great potential for future expansion. Combined cap rate 9.96% Seller has two other properties for sale as well. 420/428 Berthe Avenue and 218 Kimbrel Avenue
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Think Real Estate
Listed by Think Real Estate

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