About This Home
This 0-bedroom, 0-bathroom commercial at 2657 Randall Lane in Cottondale, FL is listed for $3,900,000 ($149 per sqft). Built in 1965, the home offers 26,240 sqft of living space on a 10.00 acres lot.
Key Features
- Built in 1965
- 10.00 acre lot
Property Details
44-Unit Mixed-Use Investment Portfolio | ~7.5% Cap Rate | Value-Add Upside Rare opportunity to acquire a 44-unit income-producing portfolio consisting of two mobile home parks and single-family residences, offering strong in-place cash flow with additional upside potential.
The portfolio includes 29 mobile homes across two parks. The first park features 18 mobile homes with additional vacant lots available, and is approved for future expansion, allowing for increased density and long-term NOI growth. The second mobile home park consists of 7 existing units, providing stable, affordable housing income.
In addition, the portfolio includes 15 single-family residences, adding diversification, durability, and tenant demand to the income stream. According to the owner the property is currently operating at an approximately 7.5% cap rate, with opportunities to enhance returns through infill development, unit upgrades, rent optimization, and operational efficiencies.
Monthly Cost Estimate
$20,858/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2657 Randall Lane
Cottondale, FL 32431
[No Recorded Subdiv]
Property Details
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2657 Randall Lane is listed at $3,900,000 ($149/sqft). The estimated monthly payment is $20,859 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1965, 10.00 acre lot.
This property is listed by Scott S Harris and can be reached at 8505261781.