2 Park Portfolio for one price in Pensacola, FL

$ 975,000
$ 975,000
For Sale
RV/MH Communities
4501 Lillian Highway, Pensacola, FL 32506

Details

Number of Sites: 26

Description

Stirling Properties is pleased to present for sale this 2-park portfolio located in West Pensacola, Florida. The parks are centrally located within half a mile of each other allowing for ease of management and operational efficiencies. Lillian Mobile Home & RV Park consists of 16 lots and one stick-built home on public water and sewer. There are submeters in place at Lillian that are not being used by the Seller, which would allow a Buyer the ability to bill back water immediately. Hobbs Mobile Home & RV Park consists of 10 lots and one stick-built home that are serviced by public water (master meter) and septic tanks. As evidenced by the rent roll, both parks feature tenants with below-market rents, leaving easy upside for a Buyer. There are three rent-to-own contracts (RTOs) that will be transferred with the parks, as well as one park-owned RV. Electric is individually metered and paid directly by tenants; each park has a dumpster that is paid for by the park.

Previous Listing
3 Rivers Run RV Park in Florida

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Dennis Ropes
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Confidentiality and Non-Disclosure Agreement(Required)
  1. Confidentiality. Prospect and Prospect’s Broker acknowledge that all information and materials     provided by Listing Broker  regarding the above referenced Property is confidential and may not be used for any purpose other than evaluation.   Prospect’s and Prospect’s  Broker’s dissemination of any information and materials provided by Listing Broker will be limited to attorneys, accountants, banking representatives, and business advisors directly involved with the above-referenced Property.  In the event the transaction is not successful, Prospect and Prospect’s Broker will immediately return to Listing Broker any information and materials provided by  Listing Broker.
  2. Non-Disclosure Listing Broker, Prospect, and Prospect’s Broker agree not to disclose to any other person the fact that any discussions or negotiations are taking place with regard to the Property,  the actual or potential terms, conditions, or facts involved in any such discussion or negotiations.
  3. Non-Circumvention Prospect and Prospect’s Broker agree not to contact the Property owner, landlord, tenants,   employees, or customers except through Listing Broker. Prospect and Prospect’s  Broker further agree not to circumvent or interfere with Listing Broker’s contract with owner/landlord in any way.
  4. Verification of Data.  No representation is made by Listing Broker as to the accuracy of the information and  materials provided. Prospect and Prospect’s Broker agree to thoroughly review and independently verify the information  and materials provided.  Listing Broker advises Prospect and Prospect’s Broker to consult appropriate professionals for legal, tax, environmental, and  other specialized advice concerning matters affecting the Property and the transaction  contemplated.
  5. Disputes. This agreement will be construed in accordance with the laws of the State of  Florida. The Listing Broker will be entitled to all remedies provided by law, including but not limited to injunctive relief and damages. In any litigation arising out of this agreement, the prevailing party will be entitled to recover from the non-prevailing party reasonable attorney’s fees, costs, and expenses.
  6. Term. This agreement will terminate in 1 year after the conclusion of any discussions or negotiations regarding the above-referenced Property.
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