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Crystal Apartments is a 16-unit multifamily complex located in Lake Wales, Florida. The property consists of a single two-story building that was built in 1988 with concrete block construction, a painted stucco finish, and a pitched shingle roof. All sixteen units are one-bedroom/one-bathroom units with approximately 408 square feet of living space. The property was renovated in 2011 with a new roof, tile floors, updated kitchen cabinets, updated windows, fresh interior/exterior paint, and more. The units rent for $575, which includes the tenant's water, electricity, sewage, and trash pickup. Tenant's are only responsible for their own cable TV and internet. There are obvious Value-Add Opportunities to this property that will increase the Cap Rate from 10.1% to 11.4%. The first is bumping rents from $575 to $600, which is a very realistic rent increase. The second upside opportunity is installing a coin-operated washer/dryer in the storage room which is already pre-plumbed and ready to go. The on-site manager makes this property an ideal investment for an out of area buyer. The current owner lives in another state and is able to run this property without hassle.
$1,475,000Size Upon Req.
PRINCIPALS ONLY ~~ FAMILY MHP-41 SITES This 41 rental site Park is well maintained with excellent income, plus great demand for vacant lots. Park has 34 long-term rentals including a rented house, a separate rented two-bedroom apartment and 10 long term lot rentals. Great upside rental potential with two new park models included in sale and 7 nice upgraded lots ready to rent. Park features large lots, paved streets with massive open-park-like green areas. Ideal location near several large lakes. Investor opportunity with high rental demand for large mobile home sites and for nice mobile homes and doublewides. Park is located between Orlando and Tampa. Park is near an airport, in a rural setting, with commercial and industrial areas not far away. Great opportunities to increase income by adding more homes and raising rents. Well maintained community water system and septic systems. Electricity is individually metered. 11.6 plus or minus acres. Sale includes well-maintained Park, home, 2 bedroom apartment, 24 well maintained park owned doublewides and MH' s and a storage lot for parking rental income.
Built in 1998. 3 Bed, 1 Bath home. Tenant occupied. In: Rent - $7,200.00 Out: Actual Taxes - $754.00 Estimated Insurance - $877.00 Property management (optional) - $684.00 (Annual) Misc Expenses- $600.00 Total Costs - $2,915.00 Net: $4,285.00 Earn: Total yearly equates to - $4,285.00
This duplex is conveniently located just off of SR 60 in Lake Wales, Florida. Each side features 672 sq/ft, 2 bedroom/2 bath with eat-in kitchen that opens into the living area. Appliances include refrigerator and stove. This in-town location with sidewalks and a quiet neighborhood, is the ideal location for tenants. Duplex sits on a shaded lot, has a storage shed on the property, and paved parking area for tenants. One side is currently vacant and with fresh paint and carpet would be move-in ready. Listing Status: Active Acres: .22 Duplex: Square Feet: 1,344 Total/672 each side Bedrooms: 2 per side Bathrooms: 1 per side Year Built: 1973 Appliances: Oven, Refrigerator Concrete Block Shaded Lot Storage Shed County: Polk Zoning: Residential (R-3) Utilities: City Water, Electric, Cable, Public Utilities 2015 Taxes: $450.96 Tenant: Yes (1-side) Parcel IDs: 273012920500001010 Coordinates: 27.89373, -81.57737 Legal Desc: PALM PARK TERRACE PB 10 PG 45 BLK A LOT 1 Showing Instructions: 2 hours Lead Time/Contact Listing Agent
Multi-family units that have recently been renovated including tile floors. A 2/1 home and two 1/1 and the duplex is a 2 bedroom on one side and 1 bedroom on the other. Built in 1925 with central heat and air on .43 acres. The pro forma puts this property at 12.8% cap rate. Go to 100units.com to access full financials and property packages.
Concrete construction. Unit A leased; Unit B on market to be leased. 2-Unit duplex with separate water AND electric meters for low ownership cost. Clear title, ready to close. Cost Analysis Performed as Rental Property In: Rent - $10,200.00 Out: (Annual) Actual Taxes - $409.00 (Annual) Estimated Insurance - $844.00 (Annual) Property Management (Optional) - $864.00 (Annual) Estimated Utilities/Lawn/Vac - $600.00 Total Costs - $2,717.00 Net: $7,483.00 Earn: Total yearly net equates to - $7,483.00 Total monthly gross equates to - $850.00
$970,000Size Upon Req.
SELLER FINANCING. This park has 56 lots with park owned homes on 39 lots, 4 homes leveled and anchored and are getting ready for inspection on 4 lots, 13 lots ready for homes to be installed. The park was established in 1987, supplied with city water individually metered and tenants pay bills, large central septic system with $43,500 in upgrades in last year, paved streets. Good investment with opportunity to add additional homes and greatly increase the income. Seller financing available to qualified buyer with reasonable down payment and terms negotiable.
Great opportunity to own a turnkey twenty-two (22) unit apartment complex. The asset consists of four (4) income producing properties that collectively consist of: Ten (10) two bedrooms / one bath units. Twelve (12) one bedrooms / one bath units. The property was built in 1970 and the units were REMODELED in 2013. Net income can be significantly increased by selectively investing in capital improvements, reducing operating cost, managing the property and increasing rents. There are twenty-six (26) parking spaces, utilities are separately metered and tenants pay their own utilities.