6116 Nundy Ave, Gibsonton, FL & 6115 Lewis Ave Gibsonton, FL33534

Details

12 Unit Mobile Homes on 1+ acre

• 6116 Nundy ave. Gibsonton, FL on the front side
• 6115 lewis ave Gibsonton, FL on the backside
• 2bd/1ba he rents for 1200/mo
• 10 of the units are studios; 2 units are 2bd/1ba

7/12 are occupied

5,400 taxes yearly

5,800 insurance yearly

• The other 5 that just got renovated will be an additional potential 5k +/-

CASH PRICE IS NOW $670k ( owner finance is an option with 350k+ down buyer proposes terms ) 

Current GROSS income: $78.6k ---> POTENTIAL : $144k +/-

NOI: 64.4k -> could be doubled with value add

VALUE ADD: currently only 7/12 of the units are rented (all vacant units renovated & on market to lease). In addition the buyer can bill back water + electric to tenants. 

VALUE ADD INCOME: $5,050 ----> (3950 vacant units) + (1,100 rent increase)

FINANCIALS: 

12 total units generate $6,550 

POTENTIAL PROFORMA $12k +/-

Call 972 499 6809 for details

pics :https://drive.google.com/drive/folders/1-0MWvDXjQ9E8PHRg6XSRk3dTqO3MBhWk

Submit offer now:

https://podio.com/webforms/26613181/2020712