$300,000
$329,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
5,764 SqFt
SOLD DATE : 05/24/2019
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,764 sqft
Price per Sqft $52
Subdivision Gulf Coast Acres
MLS Listing ID W7804088
Sold Date 05/24/19
HOA Y/N No
Year Built 1977
Annual Tax Amount $2,585
Lot Size 2.080 Acres
Acres 2.08
Lot Dimensions 1RR
Property Description
Instant income, turn key 2 acre "Sunset Lake" Mobile Home Park with 6 units. Current CAP rate of 10 with only 5 rented, 6th is is undergoing renovation. CAP goes to 12.6 once a tenant is obtained, and over 13.5 with projected 2019 rent and expense increases. Long term tenants, 2 are Sec 8. Realistic potential for growth by adding more mobile units.
Location
State FL
County Pasco
Community Gulf Coast Acres
Zoning C2
Interior
Interior Features Thermostat
Heating Electric
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace false
Appliance Range
Laundry Other
Exterior
Exterior Feature Other
Community Features None
Utilities Available Electricity Connected, Public
Waterfront Description Pond
View Y/N 1
Water Access 1
Water Access Desc Pond
View Trees/Woods
Roof Type Built-Up,Metal,Other,Shingle
Attached Garage false
Garage false
Private Pool No
Building
Lot Description In County, Irregular Lot, Level, Oversized Lot
Lot Size Range Two + to Five Acres
Sewer Septic Tank
Water Public
Structure Type Other
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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Bought with LANE PFISTER
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