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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.
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.
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
Marcus & Millichap is pleased to present a two property portfolio in the Historic District of Lake Wales, Florida. The portfolio consists of The Court of Seven Chimneys, a 21 unit apartment building and Grand Floridian Court, a 10 unit apartment building. 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. Grand Floridian Court was originally built in 1930 with wood-frame construction and consists of eight one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. This property has a landlord-friendly leasing agreement with the ACT program which enables it to maintain higher rents and a high occupancy.
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$4,250,000Size Upon Req.
Camp Mack's River Resort is a rare opportunity to purchase a water front RV Community with 215 sites along with several other income producing facilities on site. Included in the sale is the RV Resort (with condo options), a 40 room motel, the Liar's Lair Bar/Saloon, the general store, several boat slips, and a 12,100 square foot warehouse. In 2008, the owners spent over $3,000,000 in capital improvements to include a phase II development, adding more sites, an on-sight Bar and Package Store, a 40 Unit Hotel and Storage Facility. A new sewage treatment plant was also built at that time, giving the resort more capacity for future expansion. A recent appraisal is available upon request along with a long list of capital improvements.