$750,000
$750,000
For more information regarding the value of a property, please contact us for a free consultation.
11,464 SqFt
SOLD DATE : 12/30/2022
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,464 sqft
Price per Sqft $65
Subdivision Acreage
MLS Listing ID L4929965
Sold Date 12/30/22
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1968
Annual Tax Amount $5,417
Lot Size 2.090 Acres
Acres 2.09
Lot Dimensions 115x200
Property Description
Multiple offer Received. Please note income and expenses have been revised as of 9/1/2022. Over 13% CAP RATE AT CURRENT RENTS. 50% down private financing now available. Rent roll and income & expense statement available. 18 units! One 6,000sf commercial warehouse and an 8 unit RV Park and a 9 unit Mobile home park all on one tax ID parcel. Rents are under market value and can be increased in current condition. Commercial Bldg: $1,500/month. (Market rate $2500-$3000+), 1 Billboard $100/mo Market rate is $300. 8 RV's = $4,383/mo, Nine Mobile Homes: $4,450/mo. RV and Mobile home Rents could be raised 5-10% in current condition. Gross Monthly Income: $10,433.32 with room to increase without doing improvements. All except 2 mobile homes are owned by park. One private well located in commercial building supplies water to all. Septic System has been maintained and works well. CASH ONLY or hard money only. 5 day inspection period max. Commercial Building, Septic and Well are available for inspection with accepted offer. The RVs and Mobile Homes are older and no value has been added to the listing price for them. Escrow deposit is 5% minimum and must be paid within 48 hours of accepted offer. No Finance and/or Appraisal Contingencies. Escrow Deposit is non refundable after inspection period. All leases are verbal and on month to month. What you see is what you get. Experienced Mobile Home Park owner/operators offers preferred. Do not disturb tenants. Rare opportunity! Submit your highest and best offer with terms as stated above.
Location
State FL
County Polk
Community Acreage
Interior
Interior Features Ninguno
Heating Central, Electric, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Lighting
Utilities Available BB/HS Internet Available, Electricity Connected
Waterfront false
Roof Type Other
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Well
Structure Type Metal Frame, Metal Siding, Other
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Private Financing Available, Special Funding
Listing Terms Cash, Private Financing Available, Special Funding
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KELLER WILLIAMS ON THE WATER
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "