10450 Motley Ct, Pensacola, FL 32514

Commercial property for lease

• Description
• *** Update to listing *** Owner has recently obtained certification for 5 additional lots - now 17 lots vs the original 12. They have also renovated 2 more existing mobile homes and secured leases for both units. This beautiful rolling acreage off of 10 Mile road convenient to Navy Federal Credit Union corporate office lies in a quiet area of Escambia county. This owner has professionally renovated 8 of the 12 mobile homes and will continue the renovations until a new owner acquires the park. The park is recently certified for 5 additional mobile home units, making the total capacity 17 Mobile homes. Price is subject to change as the remaining units are remodeled. Each home sits on a spacious, grassy lot with paved parking. Since units are just being put back online, historical rent data is not readily available. The previous owner allowed all units to become vacant as he made an attempt to convert the park to an "over 55" community. Lack of funds and arduous state guidelines proved his attempt to convert unsuccessful. Under new ownership, Current monthly rents for the newly remodeled units are at $700 - $750 per home. Conservatively with 10 of the 12 homes renting for an average of $700/mo, Gross income is $84,000. If we over-state expenses at 40%, then the NOI would be $50,400All 12 mobile homes belong to the seller, Building price details: $590,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	15
  Parking Type:	Structure

• Contact info
• Glen D Fielder

  EXIT Realty NFI - Pensacola
• Note

• Details Info about this row that located on 10450 Motley Ct, Pensacola, FL 32514 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

  If you see any error or mismatches on this page – click here.