5 Acres 5 Mobile Homes, & 30 x 30 Storage Unit! 💰 🏘️ Only $575k! Market Rent: $8,000/mo+💵

Polk County, Lake Wales, FL, 33898
Sold
Listed at: May 31st, 2023
Price
$575,000
ARV
$625,000
Gross Margin
$50,000
Sq. Footage
2356
Type
Manufactured
Parking
Detached Garage
Year build
1999
Lot size
5.05 acres
Bedrooms
16
Bathrooms
10
Half Bathrooms
0
Summary

Mobile Home Park in Lake Wales

💥 CALLING ALL Investors 🏡


Property Details

Market Rents: $8,000

5 Acres Lot w/ more than half of it not being used

Can add multiple more MH to 5x the value of the property

The neighboring property has 20 mobile homes on 5 acres


Inspection report is provided upon request.


All properties on one well

Located behind Front Double Wide

Each unit has individual Septic & Electric meters

Separately metered and separate water, which tenants pay

Septic tank and Well installed in 2003 never used.


Trash & Recycling: Polk County Waste & Recycling

Mail is delivered to each unit individually

Storage building on site 30x30 Concrete base, has Electricity


Raise the value of the property by raising the rents

Units being rented under Market Rent

Closing Date: June 3

EMD for this property is $12k for the interested buyer


🔐CLICK 'WIN IT NOW' TO AVOID BIDDING WAR $580K!🔐



More details:


Unit 1:

5 Bedrooms

2 Bathrooms

Square Foot: 2,052

Year Built: 2010

Vacant at Sale

Roof: 2013

AC: 2021

Water Heater: 2017

Septic Tank: 2010

Electrical: 2011



Unit 2:

3 Bedrooms

2 Bathrooms

Square Foot: 924

Year Built: 1992

Septic Tank: 2005

Appliances: Working

AC: Window units

Rent: $700/mo



Unit 3:

3 Bedrooms

2 Bathrooms

Square Foot: 924

Year Built: 1984

Appliances: Working

AC: Window units

Electrical: 2011

Rent: $700/mo



Unit 4:

3 Bedrooms

2 Bathrooms

Square Foot: 720

Year Built: 1975

Roof: 2018

Appliances: Working

AC: Window units

Septic Tank: 2021

Rent: $700/mo



Unit 5:

Square Foot: 2,356

Year Built: 1999

Roof: 2013

AC: 2013

Septic Tank: 2013

Appliances: Working

Rent: $1,500/mo



Salon:

2 Bedroom

2 Bathroom

1/1 apartment

Square Foot: 720

Year Built: 1992

AC: 2 Window units + 1 floor unit

Appliances: Working





Click Here For Pictures






DISCLAIMER:

  All offers are Cash or Private Lender Only.

  Deposits for all properties are non-refundable provided clear title.

  Properties are sold AS-IS with NO inspection period; Please inspect first.

  Buyer pays all closing costs for buyer and sellers.

  Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 

  Citywide Investments, LLC is not a licensed contractor or appraiser.

  Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.

  Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Leidy Rodriguez

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Disposition manager