513 Waycross Ave

Investment Opportunity!!! A value-add mobile home park with 11 mobiile home/rv sites that's in a strong growth corridor of Pensacola, Florida, just 9 miles from Perdido Key Beach and minutes from downtown.This park offers immediate cash flow through lot rents and significant upside through expansion and redevelopment. It’s located just off Gulf Beach Highway, surrounded by newer brick homes and ongoing growth, making it a rare and promising opportunity for the right investor. There's potential to introduce tiny homes on new lots for even greater long-term ROI and rental demand. Leases are all month to month. Grab this one before it's gone! Investment Snapshot Total Lots: 11 (9 currently rented) Gross Annual Income (Current): $54,000 Operating Expenses: $8,880 Net Operating Income (NOI): $45,120 Cap Rate (Current): 9.22% Cap Rate (Full Occupancy): 11.54% Lot Rent Basis: $500/month (tenant-owned homes) Purchase Price: $495,000 Seller Financing: Not available Land Size: 1.39 acres All information provided, including but not limited to square footage, lot size, property boundaries, and county records, is deemed reliable but is not guaranteed and should be independently verified. Buyers are advised to conduct their own due diligence, including verifying measurements, zoning, permitting, and any other information with the appropriate county or municipal authorities before making a purchase decision.