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Specializing in Investment Real Estate and Commercial properties including mobile home parks and apartment buildings mostly in Florida.
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SAINT AUGUSTINE MH PARK
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Please do not contact tenants or management. Seller would like to keep sale confidential.
Asking price is $ 840,000. (12 CAP+)
Ten minutes to the beach.
Approximately 2.58 acres Roads are paved.
Total 25 homes plus one used for storage.
City water and sewer, all tenants pay their own to the utility company.
All homes have central A/C and heat, no window units.
Great location, only three blocks to shopping and marina
The downtown tourist area is just a 10 - 15 minute walk.
This park has a gross income of around 178k. Seller has invested around $50k in capital improvements this year alone. Rents are low for this area and could be raised. Several homes are in need of skirting in these pictures. It is scheduled to be done.
Location is close to US1 and SR 207. Some of the properties that are next to the park are shown below.
Owner provided this information
email David Ritchie for inquiries or questions