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Value-Add Opportunity! The future land use is high-density residential. This mobile home park includes one SFR and 18 mobile homes (heated 552-924sqft), which produce a monthly income. And 3 more pads are vacant and ready to be turned into 3 more income properties. The SFR is currently occupied by the owner, with no income yet. It could be rented out for a higher rent than mobile homes, as its heated square footage is 1, 298, which is almost double that of mobile homes (monthly rent is among $550-$1, 100). There are 2 bedrooms plus 2 bonus rooms, one serves as an office, and the other serves as a gym with AC and a closet in the garage. You will see a swimming pool, 3 storage units, and some fruit trees in the yard. The owner is very handy; he has plenty of parts, materials, tools, and equipment on the site for his D. I. Y. projects. He installed security cameras and a system to guard the campus. All the residents in the park use private water from a well; they recently replaced the motor, which could last for many years. A septic system serves the MHP, with 3 drainfield covers that all the units in the park. The owner is liable for the water and trash, while the tenants are liable for electricity and wifi. The location, adjacent to US HWY 27, 301, 441, and SR 25, is very convenient for traveling anywhere. It takes just 7 minutes to drive to Publix and other stores. It attracts renters here. The owner never pays for advertising for new tenants. A sign and several referrals brought the new tenants in. Do you like to be the king or the Mayor of the territory? Come to experience a new role, become the owner of the mobile Home park!
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Our Executive Mortgage Banker:
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$1,590,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,272,000 | $1,272,000 | $1,272,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.164% |
| Monthly Tax Payment | $1,298 | $1,298 | $1,298 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,524 | $7,729 | $10,734 |
| Total Monthly Payment | $8,947 | $9,152 | $12,157 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.