If you are looking for a great income-producing property, this is it. This property has unlimited potential and could be whatever you want it to be. This property has a cleared parcel with 10 pads poured for rentals. Eight have been rented for under market value. An attached parcel could be used to expand this trailer park, or the new owner could make this property whatever they like. This property could be used for the trailer park, with a huge storage lot next to the property, or can expand the pads for more units. At this time, this property has an income of $33,360 a year with the potential of almost doubling with a slight increase in lot rent. Here is an opportunity for passive income of up to over $60,000 with the property owner only having to maintain the well after and septic system for the units. Call for more details.
1034 SE 9TH AVENUE, Arcadia, FL, 34266
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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