Current Use by Public Records
- Mobile home & RV parks
Property Details for 2384 Fl-73
- Property type
- Mobile home & RV parks
Description
This exceptional 9-unit mobile home park in Marianna, Florida, presents a compelling value-add investment opportunity. Located at 2384 FL-73, Jackson County, zip code 32448 (30.7385311, -85.2298052), the property boasts 100% occupancy with long-term tenants. Each of the nine pads houses a park-owned, two-bedroom, two-bathroom home, offering immediate cash flow. The property's adjusted Net Operating Income (NOI) is $46,601, yielding a 5.90% capitalization rate. The asking price is $790,000, translating to $87,778 per pad. Situated in a predominantly rural area with agricultural activity, the park benefits from its proximity to major roadways like US Highway 90 and Interstate 10, providing convenient access to Tallahassee and Pensacola. The local economy is driven by agriculture, supporting small-scale manufacturing and service businesses. Marianna offers essential amenities, including schools and healthcare facilities, contributing to the area's overall livability. This property offers a strong foundation for immediate returns and future growth potential. The high occupancy rate and stable tenant base make this a low-risk, high-reward investment. The strategic location and strong NOI make this a truly attractive opportunity in the Florida market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marianna
- County
- Jackson
- State
- Florida
- Longitude
- -85.2298
- Latitude
- 30.7385
