For Sale
$825,000

2614 Springhill Rd Bonifay, FL 32425

Bonifay, FL Mobile Home Park, 10 Units

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 10-unit mobile home park in Bonifay, Florida, presents a compelling value-add investment opportunity. Priced at $825,000, this Class B property boasts a strong 7.13% cap rate and a current NOI of $58,784. The park is 100% occupied with long-term tenants, offering immediate cash flow. The ten pads are each home to a park-owned mobile home

Highlights

  • 100% occupancy with long-term tenants.
  • Ten park-owned mobile homes (two 3/2, eight 2/2).
  • Adjusted NOI of $58,784.

Property Details for 2614 Springhill Rd

Property type
Mobile home & RV parks
Class
B
Units
10

Location Insight

City
Bonifay
County
Holmes
State
Florida
Latitude
30.7558761
Longitude
-85.712975

FAQs

What type of property is this?
Mobile home & RV park - Bonifay, FL Mobile Home Park, 10 Units
Where is the mobile home & rv park located?
The property is located at 2614 Springhill Rd Bonifay, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 100% occupancy with long-term tenants.; Ten park-owned mobile homes (two 3/2, eight 2/2).; Adjusted NOI of $58,784.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2614 Springhill Rd
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