Woodlawn Mobile Home Park
100% Lot Rent Only MHP | Jacksonville MSA
Marketing description
Check out this opportunity to own an extremely low maintenance, 100% tenant owned home MHP in Macclenny FL (Jacksonville MSA). The 4.53 acre site allows zoning for 9 pads total (currently six homes exist).
There are extremely limited options for mobile home owners to find available lots for rent in Macclenny and the surrounding area. This provides an owner with significant pricing power due to the significant supply/demand imbalance in the market.
The property also provides for future redevelopment potential as a new owner could subdivide the land into SFH lots and build or sell to a developer. Additionally, the new owner could subdivide the lots and sell to existing homeowners. Finally, other option would be to apply to rezone the property for higher density to allow six to nine parceled lots that could be sold individually. Buyer should conduct their own due diligence to determine what is permissible and possible in regards to use, zoning, etc.
Investment highlights
- Six Lot Rent Only Homes on 4.5 Acres in Macclenny, FL
- MHP lots for rent that have utilities are extremely challenging to find in Macclenny and surrounding area, which creates significant pricing power for owner
- Zoning provides ability to add three additional homes (one empty lot already has a power pole sand septic system setup)
- Current monthly lot rent is $2,775 ($400, $500, $500, $500, $400, $475)
- Extremely light management and maintenance responsibility
- Property is supplied by well water and each home has a septic system (one which was recently replaced)
- Ability to substantially increase lot rent as notes are paid off (all notes will be paid off in the next 12 months)
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