5700 Flaxman St
Pensacola, FL 32506
Oak Shadows Mobile Home Park · Multifamily Property For Sale · 87,120 SF

25 lots, city water/city sewer, no park owned homes, 10 min from downtown Pensacola, 20 min from Pensacola Beach and Perdido Key Beach. The park is very quiet and safe, located across the street from a church. Lot rent is $290/months which includes water, sewer, garbage, and lawn care (residents with fenced yards cut their own grass). All lots are individually metered for electric and paid for by the residents. 24 lots are presently occupied and there is 1 vacant lot. There is a very good demand for RV lots in the area due to the park’s excellent location. Water/sewer is master metered. The obvious upside right away is submetering water and sewer back to the tenants which will substantially increase the income stream. The park was developed in the last 12 months from 10 to 25 lots. 14 lots were rented in the last 6 months to long-term tenants (6 months lease minimum). There is a an on-site manager who has lived in the park for 25 years. Rent is collected in the form of checks/money orders, cash is not accepted. This park has never been on the market.