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Partially tenant occupied; with full occupancy this investment property will gross an 11% ROI. Mobile home next to apartment complex included in sale and is tenant occupied at this time, it is a 3BR/1BA. Apartment building includes 4 units; one is 2BR/1BA, the other three are 1BR/1BA. Shed structure behind the apartment complex is also included in the sale.
$850,000Size Upon Req.
Situated off US Highway 27 South and comprised of over 4 acres of land is the charming Laurel Mobile Home Park. The property has 34 lots for rent excluding the trailers themselves, and includes a gorgeous lakefront view of lake Altima. The buyer will assume a generous return on investment, with many opportunities to change or improve the land to further increase their return!
Great Opportunity for an Investment Property. 14 Units sited on 1.53 Acres between all 5 parcels Overlooking Starr Lake. The property features 8 Efficiencies Apartments, 3 Mobile Homes, 1 House offering 2 Bedrooms, 1 Duplex featuring 1 Bedroom on each side and a Garage with Office Area. Unit #7 is currently rented to $425 a month, the house is currently rented for $525. Mobile home is rented for $325 per month and Lot #3 leases the land for $350 per month. Motel license included. Units 1, 2 & 4 share Electric Meter. This Property is Conveniently Located Close to Lego Land, The Eagle Ridge Mall and Scenic Highway 17. Parcels available for sale together or separate.
Marcus & Millichap is pleased to present a two property portfolio in the Historic District of Lake Wales, Florida. The portfolio consists The Court of Seven Chimneys, a 21 unit apartment building and Grand Floridian Court, a 10 unit apartment building. The properties are located just a half a mile away from each other. The Court of Seven Chimneys was originally built in 1925 with wood-frame construction and consists of 20 studio style apartments and a single one-bedroom unit with a loft. The property was completely renovated in 2005 including new roofs, new kitchens, and more. Tenant's enjoy amenities such as private screened-in porches, a nice brick courtyard, beautiful hardwood floors, an on site laundry facility, a social area with picnic tables, and a secure environment with dusk-to-dawn lighting and security cameras. This property features a unique upside opportunity through passing on certain expenses to the tenants.
Previously sold for $130,000! This massive duplex features a strong unit mix comprised of (1) 3 Bed, 2 Bath apartment and (1) 2 Bed, 1 Bath apartment. Each features washer/dryer hookups. Built in 1971, concrete construction, with beautiful exterior appeal. Cost Analysis Performed as Rental Property In: Rent - $16,500.00 Out: (Annual) Actual Taxes - $861.00 (Annual) Estimated Insurance - $1,322.00 (Annual) Property Management (Optional) - $1,320.00 (Annual) Estimated Utilities/Lawn/Misc - $1,320.00 Total Costs - $4,823.00 Net: $11,677.00 Earn: Total yearly net equates to - $11,677.00 Total monthly gross equates to - $1,375.00