NEW FAMILY MH PARK FOR SALE ~ JUST LISTED ~ WEST PALM BEACH FLORIDA ~ 44 SITES PLUS OFFICE BLDG ~ LOT RENTS ONLY.
- SOLD!
- Price: $3,200,000
- Year built: 1956
OWNER READY TO SELL ~ LOT RENTS ONLY
City Water & Sewer ~ Paved Streets
44 Sites Plus Office
Price: $3,175,000.00
PRINCIPLES ONLY
Great Location ~ West Palm Beach, Florida
Bank Financing with 25-30% Down
Great upside potential for additional income from: Renting Vacant Site, raising Lot Rents, plus option to lower annual expenses by $75,000 per year.
MH’s are owned and maintained by Tenants, resulting in lower Park Maintenance and Expenses.
Please return your confidentiality agreement for financial information.
Property Type: Multifamily
Property Use and Zoning: MH Park ~ URBAN INFILL/Investment Property
Annualized Revenue Based on Current Rent Roll: $369,600
Revenue 2018: $312,000
Lot Size: 3.52 Acres (Plus or Minus)
Description
FAMILY MH PARK ~ Annual Lot Rents Only ~ High Demand Location ~ Palm Beach County, West Palm Beach, 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.
New Owner can increase income by raising rents, renting the Vacant Lot and Adding Water Meters.
Located in MAJOR SOUTH FLORIDA CITY, Great Family and commercial areas nearby.
The Address Listed in NOT Correct
PLEASE complete the attached C/A agreement, sign, initial and return the C/A Agreement in order to receive financial information, photos and the correct address.
Thank you,
Doug Rhudy, Broker
Disclaimer: The information 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 Douglass Rhudy, his Agents 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.
