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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!
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 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.