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5035 N Main Street - Gateway Trailer Park, Jacksonville, FL

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5035 N Main Street - Gateway Trailer Park

Jacksonville, FL 32206-1478 - Panama Park MF Submarket

Property Type:Multi-Family Number of Units:97 Status:Existing Year Built:1949
Stories:1 Building Size:12,700 SF Land Area:6.25 AC (272,250 SF)
For Sale Price:$1,395,000 Price/Unit:$14,381.44 Cap Rate:- GRM:-


Property Description: Mobile Home Park

Property Use Description: Mobile Home Park

Sale Notes:
High visibility on Main St . Rare park close to downtown Jacksonville.

Property consists of 97 total spaces and a 2900sf Warehouse with office. 53 trailer homes are tenant owned, the remainder are park owned.

Excellent upside potential with 14 open lots and 15 down trailers. Gross income was $ 271,771.00 for Jan-Dec 2013, equating to approx 8% CAP on only 73% occupancy.

Also a great multifamily redevelopment candidate. Property is located in HUD QCT and qualifies for senior or family LIHTC development per 2013 Duval LDA map.

Owner is willing to hold financing for qualified prospects with a substantial down payment.
Main St is a major artery to downtown Jacksonville. AADT 14,000.

Warren & Company
Simon Garwood
(904) 399-4433

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