2657 Randall Lane, Cottondale, FL 32431
Active
Property Photos
Would you like to sell your home before you purchase this one?
Priced at Only: $3,900,000
For more Information Call:
Address: 2657 Randall Lane, Cottondale, FL 32431
Property Location and Similar Properties
- MLS#: 782885 ( CommercialSale )
- Street Address: 2657 Randall Lane
- Viewed: 13
- Price: $3,900,000
- Price sqft: $149
- Waterfront: No
- Year Built: 1965
- Bldg sqft: 26240
- Days On Market: 72
- Additional Information
- Geolocation: 30.8112 / -85.3761
- County: JACKSON
- City: Cottondale
- Zipcode: 32431
- Subdivision: [no Recorded Subdiv]
- Provided by: Chipola Realty
- DMCA Notice
-
Description44 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.
Payment Calculator
- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
- Monthly -
For a Fast & FREE Mortgage Pre-Approval
Apply Now
Apply NowFeatures
Building and Construction
- Covered Spaces: 0.00
- Living Area: 0.00
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Paved, Unpaved
Utilities
- Carport Spaces: 0.00
- Road Frontage Type: CountyRoad, CityStreet
- Sewer: PublicSewer
- Utilities: SewerAvailable
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Trash Expense: 0.00
Other Features
- Legal Description: OR 228 P 27 OR 273 P 590OR 317 P 771 OR 328 P 665OR 869 P 53 OR 1143 P 261 OR 1346 P 952 COMM AT NWC OF SECT, RUN E 1325.92 FT FT, S 518.42 FT, CONT S 630.39 FT TO E/LY EDGE OF CADDY RD TO BEGIN, RUN S 87* E 202.59 FT, N 88* E 217.20 FT, CONT N 88* E 44.52 FT TO W/LY RTWY OF HWY #231 SAID POINT BEING CURVE CONCAVE SE/LY, RUN SW/LY ALONG CURVE & RTWY 508.55 FT, S 27* W ALONG RTWY 208.67 FT, S 19* W
- Area Major: 09 - Jackson County
- Occupant Type: Occupied
- Parcel Number: 30-5N-11-0000-0070-0000
- Possible Use: Commercial
- The Range: 0.00
- Views: 13
Nearby Subdivisions
- Lumi Bianconi
- Tropic Shores Realty
- Mobile: 352.263.5572
- Mobile: 352.263.5572
- lumibianconirealtor@gmail.com


