For Sale
$4,990,000

1801 Border StPensacola, FL 32505

Pensacola, FL: 100-space income property

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 100-pad mobile home park, situated on 6.49 acres in Pensacola, Florida, presents a compelling investment opportunity. Priced at $4,990,000 ($49,900 per pad), this established park boasts a substantial net operating income (NOI) of $536,498, yielding a strong 10.875% cap rate. Built in 1970, the park's prime location near major amenities, including Lowe's, Home Depot, Walmart, and US-90, ensures consistent occupancy and high demand. The spacious layout offers ample room for residents while maintaining a well-organized community. The property is offered as a turnkey investment, requiring minimal maintenance or upgrades, and presents significant growth potential through rent increases, amenity enhancements, or service expansions. The property is conveniently located in Escambia County, Florida, with the address being 1801 Border St, Pensacola, FL 32505. This is an ideal acquisition for investors seeking a high-performing, cash-flowing asset in a thriving market. The sale is structured to accommodate a 1031 exchange. This owner-user investment offers a rare chance to acquire a well-established and profitable mobile home park in a desirable location. The property's strong financial performance, coupled with its strategic location and growth potential, makes it an attractive investment for both seasoned investors and those seeking portfolio diversification.

Highlights

  • 100-pad mobile home park on 6.49 acres in Pensacola, FL, priced at $4,990,000 ($49,900/pad).
  • Strong NOI of $536,498, yielding a 10.875% cap rate.
  • Prime location near Lowe's, Home Depot, Walmart, and US-90, ensuring high occupancy.
  • Turnkey investment with significant growth potential; 1031 exchange accommodated.

Property Details for 1801 Border St

Property type
Mobile home & RV parks
Year Built
1970
Lot Size (sq. ft)
282,704 SF

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.43280102
Longitude
-87.26366389
1801 Border St, Pensacola, Florida

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1801 Border St
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