Bonifay Estate | Bonifay, FL
Sands Investment Group is Pleased to Exclusively Offer For Sale the Bonifay Estate Asset Located at Windy Lewis Road in Bonifay, FL. This Deal Has 19 Lots With 14 Occupied (18 Licensed MH, 1 Storage) – 5 Tenant Owned Homes, 9 Park Owned (1 Rent to Own Contract) + 1 Park Owned Being Used For Storage and Increase Lot Rents to Market Levels of $400+, Providing For a Secured Investment.
- 19 Lots With 14 Occupied (18 Licensed MH, 1 Storage) – 5 Tenant Owned Homes, 9 Park Owned (1 Rent to Own Contract) + 1 Park Owned Being Used For Storage
- Newley Graveled Roads Throughout Park
- City Water With 6″ Main Line
- Fire Hydrants in Park
- City Sewer
- All Utilities Direct Billed
- Low Maintenance Landscape in Park
- Value-Add Plays:
- Increase Lot Rents to Market Levels of $400+
- Rent to Own 8 Additional Park Owned Homes to Current Tenants or Increase Park Owned Home Rent to Market Levels
- Infill 4 Vacant Lots and Replace Storage Unit With Housing Unit to Add 5 More Revenue Generating Units
- Add Additional Lots on the West Side of Property; County & Town Are Supportive of Additional Housing Options For Residents
- Pro-Forma Cap Rate of 14.4 % With NOI of $65,781 Can Be Achieved Through Infill and Rent Increases
In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953
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