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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,729 sqft
Price per Sqft $402
Subdivision Acreage & Unrec
MLS Listing ID O5872179
Sold Date 11/24/20
Construction Status Other Contract Contingencies
HOA Y/N No
Year Built 1951
Annual Tax Amount $6,335
Lot Size 1.300 Acres
Acres 1.3
Property Description
Recession Proof Income.
This park is in the perfect location, Tenants usually work within 2 miles with local industry and that creates a 95 % occupancy 95% of the year.
Park owns all rental units in the park, securing the highest possible weekly and monthly rent amounts.
All capital projects have been completed/upgraded. New metal roof on main building, asphalt roads have been put in, upgraded electric to each site, new water lines to each site and upgraded sewer systems. The water utility is owned by the Park and has been completely upgraded, newer laundry room owned by Park, no machines rental. Main building has the owners 2 bed/2 bath, there is a second 2 bed/ 2 bath, and a 1 bed/1 bath. There are 2 Vacation rentals on the water front. There is 12 rentals in the front of the Park and 3 rentals in the back of the Park. Owners 2/2 has new kitchen and new bathroom. The proforma reflects potential monthly and annual income to actual costs.
Currently the actual income is nearly 90% of the forecasted income.
The marina is ready for finger docks and start renting spaces.
This park is perfect for an owner operator or put manager in the 1/1 apt that faces the front of the park.
Location
State FL
County Lake
Community Acreage & Unrec
Zoning C-1
Interior
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile, Hardwood, Laminate
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Utilities Available BB/HS Internet Capable, Other
Waterfront Description Lagoon,Marina,River Front
View Y/N 1
Water Access 1
Water Access Desc Lagoon,Lake - Chain of Lakes,Marina
Roof Type Membrane,Metal,Other
Building
Lot Description Riprarian Rights, Street Lights, Paved, Turn Around, Waterfront, Wooded
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank, Other
Structure Type Block,Vinyl Siding,Wood Siding
New Construction false
Construction Status Other Contract Contingencies
Others
Pets Allowed Breed Restrictions, Cats OK, Dogs OK, Number Limit, Pet Deposit
Ownership Corporation
Acceptable Financing Cash, Conventional, Other, Private Financing Available
Listing Terms Cash, Conventional, Other, Private Financing Available
Special Listing Condition None
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Bought with GLASBRIDGE LLC
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