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813-319-6461 for more info

5146 Gold Drive

Marianna, FL 32446
7
$920,000 Est $3,000 / Mo
Keller Williams Tampa Prop.
  • Date Listed: 04/24/2014
  • Year Built: 1989

JUST REDUCED!!! Back on the Market, buyer financing fell through. VALUE ADD INVESTMENT OPPORTUNITY! Blue Springs Mobile Home Park is approximately 14.5 Acres, located within minutes of Jackson Blue Springs. All combined, there are 69 Rentable Mobile Home/RV Lots. Current Cap Rate of 10%. With Occupancy currently around 45% and 28 park-owned homes, this is an excellent Value-Add Opportunity! Based on the demand in the area, there is significant upside potential for an investor to increase the number of units on-site and nearly double the current NOI. Septic Tanks are in place to serve the majority of the park. A D.E.P. Water Well supplies all of the lots on-site. With onsite management in place, this park does not require an investor to be involved with Day-To-Day operations. For further information or to receive an Offering Memorandum please call.DrivingDirections: From 90 and 71 take 71 northeast to Blue Springs Rd. Turn right on Blue Springs Rd and property is on the RightLegal Description: OR 656 P 170 COMM AT NEC OF SE1/4, RUN W 150.57 FT TO BEGIN, RUN S 104.90 FT, W 18.77 FT, S 161.83 FT, W 14.25 FT, S 151.78 FT, W 585.98 FT, S 347.82 FT, W 87.09 FT, N 119.99 FT, W 100 FT, N 19.93 FT, W 441.94 FT TO E RTWY OF HUNTER FISH CAMP RD, N 6* W A

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