14
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$3,900,000
Est. payment /mo
26,240 SqFt
Active
2657 Randall LN Cottondale, FL 32431
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 26,240 sqft
Price per Sqft $148
Subdivision [No Recorded Subdiv]
MLS Listing ID 782885
HOA Y/N No
Year Built 1965
Lot Size 10.000 Acres
Acres 10.0
Property Description
44-Unit Mixed-Use Investment Portfolio | ~7.5% Cap Rate | Value-Add Upside
Rare opportunity to acquire a 44-unit income-producing portfolio consisting of two mobile home parks and single-family residences, offering strong in-place cash flow with additional upside potential.
The portfolio includes 29 mobile homes across two parks. The first park features 18 mobile homes with additional vacant lots available, and is approved for future expansion, allowing for increased density and long-term NOI growth. The second mobile home park consists of 7 existing units, providing stable, affordable housing income. In addition, the portfolio includes 15 single-family residences, adding diversification, durability, and tenant demand to the income stream.
According to the owner the property is currently operating at an approximately 7.5% cap rate, with opportunities to enhance returns through infill development, unit upgrades, rent optimization, and operational efficiencies.
Rare opportunity to acquire a 44-unit income-producing portfolio consisting of two mobile home parks and single-family residences, offering strong in-place cash flow with additional upside potential.
The portfolio includes 29 mobile homes across two parks. The first park features 18 mobile homes with additional vacant lots available, and is approved for future expansion, allowing for increased density and long-term NOI growth. The second mobile home park consists of 7 existing units, providing stable, affordable housing income. In addition, the portfolio includes 15 single-family residences, adding diversification, durability, and tenant demand to the income stream.
According to the owner the property is currently operating at an approximately 7.5% cap rate, with opportunities to enhance returns through infill development, unit upgrades, rent optimization, and operational efficiencies.
Location
State FL
County Jackson
Area 09 - Jackson County
Interior
Fireplace No
Exterior
Parking Features Paved, Unpaved
Utilities Available Sewer Available
Private Pool No
Building
Sewer Public Sewer
Others
Tax ID 30-5N-11-0000-0070-0000
Special Listing Condition Listed As-Is
Listed by Chipola Realty
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