Inquire About This Property

Printable Brochure

View on Map

REDUCED PRICE - Owner Ready to Sell

LOT RENTS ONLY - CITY WATER & SEWER

50 SITES PLUS HOUSE & 2 APARTMENTS  

Price: $1,550,000

PRINCIPALS ONLY

Great Location in South Florida 

Owner Says "Sell" - Bank Financing with 30% Down 

50 Lot Rental Sites– Tenant Owned Mobile Homes Lot Rents Only

Plus: 1 House & 2 Apartments

City Water and Sewer - All sites have metered Electricity, City Water & Sewer.

Great upside potential for additional income from: Renting Vacant Sites, House, Two Apartments, Storage Building/Shop,  and annual increased Lot Rents.

On site coin operated Laundry Facility (Revenue varies from $200 - $500/mo).

MH’s are owned and maintained by Tenants, resulting in lower Park Maintenance and Expenses.

Property Type: Multifamily

Property Use Type: MH Lot Rentals Only.

Investment Property.

Revenue 2018: $217,200 

Revenue 2017: $190,200 (From Tax Return). 

Cap Rate: 10.3%

Lot Size: 5.5 Acres (Plus or Minus)

Description

FAMILY MH Park –Lot Rents Only – High Demand Location – Very Low Vacancies

Palm Beach County, Florida

PRINCIPLES ONLY – Great Location in South Florida

Upside rental income potential. Family Park with long-term renters that own and maintain their own homes. All sites have city water and city sewer with individually metered electric and water/sewer.

New Owner can increase income by raising rents, renting House and vacant lots.

Quaint cities, Quiet Rural Community and retail and commercial areas nearby.

Owner is ready to sell, retire and travel.

The Address Listed is NOT Correct.

Please fill in all the Blue Boxes on the attached C/A Agreement, sign, initial and return the Attached C/A Agreement to receive financial information, photos and the correct address.

Thank you,

Doug Rhudy, Broker

Disclaimer: The information herein and (all files attached) have been obtained from the Seller and other sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Doug E. Rhudy, his Agents, Webster Properties or Wm. Robert Webster Inc., A Real Estate Corporation.  All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice. 

Inquire about this property