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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

Summit MH Park ~ CA Agreement 

 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.

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