Friendly Acres
Marianna, Florida · Mobile Home Park
About This Property
Welcome to Friendly Acres, an income producing mobile home park with 19 homes only 5 minutes from downtown Marianna, FL. Seller financing available with $500,000 down, 5% interest, 15 year amortization with a balloon in 3 years. Situated on 9 acres, this park features fifteen 3 bed/2 bath homes, one 3/1.5 home, and three 2/1 homes. All units are currently occupied and generating $14,475 per month. Many homes are leased below market rent creating an easy opportunity to raise cashflow. Raising rents to market level brings the pro forma cap rate to 15.48%. All homes had new metal roofs installed in 2019. One well got a new pump and tank installed in 2024 and another well had the same work done in ~2020. All homes are on septic. There is city water located across from Fieldstone ct, making it a possibility to hook up to if you desire. There is a possibility to add 4 additional homes if you were to parcel 2 acres that have no development on them. Buyer to verify all details.
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