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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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2657 Randall Ln , Cottondale, FL 32431
$3,900,000
Est. Payment: $21,546.94/mo
26240 Sqft
10 Acres
Status: Active | Days on site: 168
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C82 - B7517,B7571
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Harrison Lilly Team
Owner/Operator

House 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.

Highlights

Listed by Scott S Harris , 850-526-1781 and Kathy K Waters , 850-628-7833 Chipola Realty , 850-482-7788. Bay County Association of REALTORS

Property Type

Commercial Sale

Lot/Acreage
10

Year Built

1965

County

Jackson

Area

09 - Jackson County

Neighborhood

[No Recorded Subdiv]

Listing ID

782885

Questions about this listing?

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Interior Features

Exterior Features

Zoning:Resid Multi-Family
Sewer:Public Sewer
Parking Features:Paved,Unpaved
Principal Interest
$21,547
Taxes
$2,486

Home Price

$3,900,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$780,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$21,546.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $21,546.94 $2,486.25 $0.00 $24,033.19
Yearly $258,563.26 $29,835.00 $0.00 $288,398.26
Total $7,756,897.77 $895,050.00 $0.00 $8,651,947.77

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Cottondale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:07:44.000Z

© 2026 Bay County Association of REALTORS