MOBILE HOME PARK STARTER PACK! (Cash Buyers only!) The property comes with 1 house, 2 trailers, and the land lots! Great investment opportunity in the heart of Pensacola! If you are looking to start investing in rental real estate, this is the property for you! You get 2 for 1 as we are selling both 617 and 617 1/2 Citrus St as a package The property comes with one b and two trailers: One single wide trailer and one double wide trailer. There is also a spot for a third trailer, either to rent the spot or to purchase a t trailer and rent the trailer directly. All houses need window a proper clean-out, new windows and paint, and other cosmetic work. Est. repairs based on contractor opinion: between $5,000 and $10,000 per house depending on the extent of work desired. The market rents for all properties are between $900 and $1200 (per house) plus either premium rent for a brand new trailer or $200-$400 to rent out the trailer spot. Zestimate of both properties combined: ~$180,000 *Estimated Cash on Cash Return: ~52% *Calculation uses total cash needed in year one (down payment and closing cost) and NOI (estimated at around $18,000 annually for all houses combined.) One trailer in the picture is no longer there as it burned down.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
