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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:$1,295,000 Price/Unit:$13,350.52 Cap Rate:10.00 % GRM:-


Property Description: Mobile Home Park

Property Use Description: Mobile Home Park

Sale Notes:
Excellent visibility on Main St, a high traffic, major corridor to downtown Jacksonville.

Property consists of 97 total spaces and a 2900sf Warehouse with office.

Inventory as follows:
Tenant Owned MH-44
Park Owned MH rent+utilities-14
Park Owned MH util not incl-3
Park Owned Vacant MH-0
MH TB Repaired-9
MH TB Destroyed-3
Vacant MH Lots-16
Manager MH-2
Park Owned RV Rented-2
Park Owned Vacant RV -2
Vacant RV Lots-1
Manager RV-1

Total 97

Net income Jan-Feb 2015 $21,605.94, a trending 10% CAP for 2015.

Immediate upside fulfilling current waiting list. There are 16 open lots and 12 down trailers. Additionally, there is opportunity for a significant reduction in expenses for a hands-on operator.

Owner is willing to hold financing for qualified prospects with a substantial down payment.
Located near city center. Main St is a major artery to downtown Jacksonville.

Warren & Company
Simon Garwood
(904) 399-4433

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