916 Old Spanish Trail, Waveland, MS 39576 (MLS# 4165683)

916 Old Spanish Trail, Waveland, MS 39576

$1,490,000

Virtual Tour

https://www.propertypanorama.com/916-Old-Spanish-Trail-Waveland-MS-39576/unbranded

Property Type: Res Income Multi-Fam Bedrooms: 4 Square Footage: 1,150 Lot Size (sq. ft.): 108,900 Status: Active

Current Price: $1,490,000 List Date: 10/15/2026 Last Modified: 10/22/2026

Overview

Description

27 lot Mobile Home Park. 100% Never unoccupied lots. Seller Finance Available. 22 tenant owned mobile homes, 5 parked owned homes. (4) 2005 16x80 and (1) 14x70. Can convert all 5 park owned units to lease to own contracts for $25,000 to $30,000 each. Nearly $140,000of lease owned contracts remain for maturity. Annual land taxes are $9,100. $372,369 building value tax accessed. Once all mobile homes are placed in tenants' name, taxes will reduce by 75%. Dumpster expenses are $7,200 and water and sewer $14,000 annually. No other expenses. Road needs work. I have a $28,000 awarded judgement against asphalt company that I need to pursue collection. When the road was new, mostly visitors would speed. Pot holes "good" keeps traffic slow..10 additional acres can be purchased for expansion

Listing Details MLS# 4165683

General Property Information

# of Units Included in Sale: 27
Approx Lot Size Acres: 2.5
Approx H/C SqFt: 1150
SqFt Source: Builder
List Price/SqFt: 1295.65
Year Built Known: Yes
Year Built: 2005
Year Built Source: Other
Total Floors: Yes
Bedrooms Total: 4
Bathrooms Full: 2
Furnished: No
Accessibility Features: No
New Construction: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0

Property Features

Structure Type: Manufactured House Levels: One Owner Pays: All Utilities Pets Allowed: Size Limit Cooling: Central Air Heating: Central Utilities: Cable Available; Electricity Connected Sewer: Public Sewer Water Source: Public Foundation Details: Block Listing Terms: 1031 Exchange; Lease Purchase; Owner May Carry Roof: Metal Exterior Features: None; Other Fencing: Other Parking Features: Assigned Waterfront Features: None Flood Insurance: Floodplain Lease Term: 24 Months Disclosures: Agent Owned; As Is Approx Age Code: Under 25 Years

Address and Location Information

Street Number: 916
Street Name: Old Spanish
Street Suffix: Trail
County: Hancock
State: MS
Zip Code: 39576
Parcel Number: 138q-0-34-083.000
PPIN: 51142-00
Subdivision: Metes And Bounds
N or S of I-10: S
N or S of CSX Railroad Track: N

Listing Information

Listing Service: Full Service
Estimated Completion Date: 2026-10-15
Never Occupied: No

Tax and Financial Information

Tax Annual Amount: 8999
Tax Year: 2025
Homestead Y/N: No
Additional Exemptions Y/N: No
Zoning: Multiple Family Residential
Flood Insurance Required?: Yes
Leasehold Y/N: No
Sold In Previous 12 Months: No
Association: No
Covenants Y/N: No
Legal Description: PT E1/2 OF SW1/4 PT. LOT 6 SEC.34-8-14

Listing Terms

Assumption: Qualify
1031 Exchange: Yes
Lease Purchase: Yes
Owner May Carry: Yes

More Information

Showing Requirements

Showing: Show Any Time

Remarks & Miscellaneous

Public Remarks: 27 lot Mobile Home Park. 100% Never unoccupied lots. Seller Finance Available. 22 tenant owned mobile homes, 5 parked owned homes. (4) 2005 16x80 and (1) 14x70. Can convert all 5 park owned units to lease to own contracts for $25,000 to $30,000 each. Nearly $140,000of lease owned contracts remain for maturity. Annual land taxes are $9,100. $372,369 building value tax accessed. Once all mobile homes are placed in tenants' name, taxes will reduce by 75%. Dumpster expenses are $7,200 and water and sewer $14,000 annually. No other expenses. Road needs work. I have a $28,000 awarded judgement against asphalt company that I need to pursue collection. When the road was new, mostly visitors would speed. Pot holes "good" keeps traffic slow..10 additional acres can be purchased for expansion

Structure Type

Manufactured House: Yes

Income & Expenses

Annual Net Income: 135000
Gross Operating Income: 13600
Total Operating Expenses: 28200
Vacancy Factor: zero

Levels

One: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Waterfront Features

None: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes

Owner Pays

All Utilities: Yes

Pets Allowed

Size Limit: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Foundation Details

Block: Yes

Exterior Construction/Siding

Siding: Yes

Roof

Metal: Yes

Exterior Features

None: Yes
Other: Yes

Fencing

Other: Yes

Parking Features

Assigned: Yes

Flood Insurance

Floodplain: Yes

Disclosures

Agent Owned: Yes
As Is: Yes

Approx Age Code

Under 25 Years: Yes

Lease Term

24 Months: Yes

Listing Office: Robert Joely White, Broker

Listing Agent: Robert J White

Last Updated: October - 22 - 2026