Property Details
$415,000
$460,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
7,332 SqFt
SOLD DATE : 05/29/2020
Key Details
Sold Price $415,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,332 sqft
Price per Sqft $56
Subdivision Sebring Mobile Home Park Llc
MLS Listing ID P4909997
Sold Date 05/29/20
Construction Status Inspections
HOA Y/N No
Year Built 1978
Annual Tax Amount $9,186
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 150X200
Property Description
Just reduced & Great cash flow rental property with a CAP RATE of 16+% looking for new owners! Each unit has it's own public electric & water meter & hooked to sewer. Tenants pay their own utilities. Trash pick up is paid thru property taxes. Low monthly maintenance expenses! Tenants maintain their own yard space. Seller has put in $40,000+ in upgrades & maintenance in the last year to bring up quality of park & increase monthly rents. Tenants are on a 6 month lease period so rent can increase up to twice a year. There is a separate common Laundry facility with coined operated washer/dryer for tenants use. There is a current office unit that can be turned into an efficiency for rent. All units have range, refrigerator & window unit (a/c & heat). Age of mobile homes vary. Seller willing to consider financing. All sizes are approximate.
Location
State FL
County Highlands
Community Sebring Mobile Home Park Llc
Zoning C-1
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Vinyl
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Laundry Other
Exterior
Exterior Feature Other, Storage
Utilities Available Cable Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters
Waterfront false
Roof Type Metal
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 1/2 Acre to 1 Acre
Sewer Public Sewer
Water Public
Structure Type Metal Frame,Metal Siding
New Construction false
Construction Status Inspections
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition None
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Bought with HOME PROS REALTY LLC