862 A E Chestnut Avenue

Description

This mobile home park currently has ten units with space to add an additional two. There is a large space at the front of the park where a single family home used to be. The city has already approved this land for 30 multi-family units up to three stories. 9 units are currently rented, eight of which were in 2022 to include new flooring throughout, roofs, vanities, porches, etc. Each unit has its own individual water meter for bill back which helps drastically with utility bills. The side street is maintained by the city. The property owner also has two mobile home parks in Pensacola that they would sell in a bundle with this one! Each of these parks has a single family home at the front. One park has a huge storage/garage area on site as well. Total of 23 rented units bring in a gross monthly income of $17,775. 85% of these units have been updated. They all have individual water meters and gabage cans. Most tenants have resided there for years. 2 of the lots in Pensacola are lot rent