8 mobile home units and 1 single family house on 6.15 Acres on 40 minutes west of Gainsville and 30 minutes from the Gulf. Growing area with lots of nature attractions. Only 5 minutes from the Suwanee River access and Fanning Springs State Park. Great rental returns and amazing future potential. Park is easily maintained at 100% occupancy and most tenants have been there for many years. Park is right off hwy 98 for easy access.
The mobile homes are rented below market at approximately $550/m each and the home is rented for $750/m. Market rents on the mobile homes is closer to $650/m so plenty of room to increase rents over the next year or two. Currently bringing in around $5050/m with low expenses. Managed long term by a local woman who also manages many other properties in the area. She collects rents and keeps the units full. Grounds maintenance is only $250/m. All homes are supplied by 2 wells (1 only 2 years old) and 4 septics. Tenants pay their own electric. Easily maintained dirt/gravel roads.
Properties like this don’t come around often so give us a call asap if you are very interested.