2657 Randall Lane, Cottondale, FL 32431
sale
$3,900,000
|
Other
Courtesy Of Chipola Realty
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.
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Property Features
- Age: Over 50 Years Old
- Legal Description: OR 228 P 27 OR 273 P 590OR 317 P 771 OR 328 P 665OR 869 P 53 OR 1143 P 261 OR 1346 P 952 COMM AT NWC OF SECT, RUN E 1325.92 FT FT, S 518.42 FT, CONT S 630.39 FT TO E/LY EDGE OF CADDY RD TO BEGIN, RUN S 87* E 202.59 FT, N 88* E 217.20 FT, CONT N 88* E 44.52 FT TO W/LY RTWY OF HWY #231 SAID POINT BEING CURVE CONCAVE SE/LY, RUN SW/LY ALONG CURVE & RTWY 508.55 FT, S 27* W ALONG RTWY 208.67 FT, S 19* W
- MLSID: 782885
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