Revolve Realty LLC
Listed by Revolve Realty LLC
$1,300,000
Evergreen Mobile Home Park
Details
APN 02082-400
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 16
NOI $64,620
Year Built 1986
Zoning Mixed Use Rural Resi
Parking Spaces 32 spaces
Multifamily | 16 Units
Marketing description
16-lot manufactured housing community in Taylor County, Florida, near the Tallahassee MSA. Permitted for 13 spaces with 3 additional lots available to bring online. Well-maintained infrastructure including a brand new well pump and pump shed, a brand new septic system installed 2025 with the remainder routinely pumped and maintained, security cameras with lighting, professional property management, and landscaping/trash service in place. Land-lease model with a mix of tenant-owned and park-owned homes, including two rent-to-own units. Current gross monthly income of $7,810. Upside includes infill of vacant permitted lots, converting park-owned homes to seller-financed/rent-to-own to reduce maintenance load, permitting the 3 additional lots, and water bill-back through sub-metering. Asking $1,300,000. Seller financing available.
Listing Contacts
Revolve Realty LLC
Listed by Revolve Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,620.00
$5,385.00/mo
Valuation Metrics
0
DSCR
4.97%
Cap Rate
4.97%
ROI
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