Property Listing No Longer Available for Sale

7851 Ira Dr., Pensacola, FL

Multi-family for Sale - $69,900 - 0.84 acres


Property Info

CIMLS#463584
Location
  7851 Ira Dr.
  Pensacola FL 32514
UpdatedJune 5th, 2012
TypeMulti-family
Price$69,900
Land0.84 acres

Property Description

The park offers 7 mobile home sites and has all utilities in place. The owner has managed the park since the early 80's and has encountered relatively low turn over rates (charges $200/Month to each tenant). New septic tanks were installed last year (2011) at owner's expense totaling over $12,000. The park is conveniently located to West Florida Hospital, University of West Florida, Interstate-10, and University Mall.

If fully leased, $200/Month x 7 Tenants = NOI $16,800

The owner just removed 4 of his 5 tenants, so the buyer will need to advertise for new tenants.

Head north on Davis Hwy and turn left on Olive Rd. Travel west on Olive Rd, turn left on Ira Dr. and the property will be on the right.

FSU 5320