The Esterson MHC Team is pleased to present Grand Village MHP, a value-add investment with 103 units and significant upside through infill.

The community is centrally located in Tallahassee, FL. Tallahassee is the capital of Florida and is home to Florida State University, both of which are the top two employers in the city. The Tallahassee, FL MSA has over 382,000+ people living there, providing a well-trained and diversified population that enhances the area’s diverse employment base.

This community is located on the outskirts of Downtown Tallahassee, only minutes away from major retail centers and universities. Tallahassee’s location, situated on the Florida Panhandle, offers convenient access to historical and diverse neighborhoods that support a wide variety of personal and business interests. From innovative research parks to top-quality retail centers, there is something for everyone.

Grand Village MHP has 103 rental units broken down as follows: 91 total mobile home lots, 10 vacant RV lots, 6 tenant owned homes (TOH), 25 rented park owned homes (POH), 60 vacant lots, 1 vacant single-family home and 1 rented commercial unit. The 60 vacant lots are mostly home ready, some lots may need some improvement. The average rental rate per month is $792.

Grand Village MHP is serviced by private water and sewer that are paid for by the landlord. Trash is serviced by dumpsters and is also paid by the landlord. Electricity is billed directly to tenants. All utility systems are in good working order. The roads are paved and in below average condition. Some parts of the park are affected by a flood zone and it is not in an opportunity zone.

This property should qualify for traditional recourse and bridge lending. This is an unpriced offering. No pricing guidance will be given. Not all offers will get responded to. Interested parties are encouraged to write their offer with price, timeline, escrow amount and a list of DD requirements.