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1624 Pine Straw Trl
Tallahassee, FL 32310
Multifamily Property For Sale
·
18,790 SF
EXECUTIVE SUMMARY
Presenting a rare investment opportunity in Tallahassee, FL—this 13-unit mobile home park, situated on 4.96± acres along Pinestraw Trail, offers immediate cash flow and strong upside potential. All mobile homes are park-owned, providing maximum control over the property and rental terms. With a consistent history of full occupancy and an excellent leasing track record, the community is stabilized and income-producing from day one.
Currently operating with below-market rents, this asset presents a compelling value-add opportunity for investors to increase revenue through strategic rent adjustments and operational improvements. The expansive acreage also allows for potential future enhancements or expansion (subject to zoning and approvals).
Currently operating with below-market rents, this asset presents a compelling value-add opportunity for investors to increase revenue through strategic rent adjustments and operational improvements. The expansive acreage also allows for potential future enhancements or expansion (subject to zoning and approvals).
PROPERTY FACTS
| Price Per Unit | $65,385 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.96 AC |
| No. Units | 13 | Building Size | 18,790 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Single-Family Home | Year Built | 1993 |
| Zoning | R1 | ||
| Price Per Unit | $65,385 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 4.96 AC |
| Building Size | 18,790 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1993 |
| Zoning | R1 |
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