2657 Randall Lane, Cottondale, FL 32431

Property Description

44-Unit Mixed-Use Investment Portfolio | ~7.5% Cap Rate | Value-Add Upside Rare opportunity to acquire a 44-unit income-producing portfolio consisting of two mobile home parks and single-family residences, offering strong in-place cash flow with additional upside potential. The portfolio includes 29 mobile homes across two parks. The first park features 18 mobile homes with additional vacant lots available, and is approved for future expansion, allowing for increased density and long-term NOI growth. The second mobile home park consists of 7 existing units, providing stable, affordable housing income. In addition, the portfolio includes 15 single-family residences, adding diversification, durability, and tenant demand to the income stream. According to the owner the property is currently operating at an approximately 7.5% cap rate, with opportunities to enhance returns through infill development, unit upgrades, rent optimization, and operational efficiencies.