$690,500
$695,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
115,046 SqFt
SOLD DATE : 01/01/2020
Key Details
Sold Price $690,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 115,046 sqft
Price per Sqft $6
Subdivision Great Lakes
MLS Listing ID N6107996
Sold Date 01/01/20
Construction Status No Contingency
HOA Y/N No
Year Built 1961
Annual Tax Amount $5,880
Lot Size 2.600 Acres
Acres 2.6
Property Description
DISCOUNTED INVESTMENT PROPERTY. Beautiful waterfront mobile home and RV park!!! Only $11,583 per pad!!! Insane cashflow, 23%+ net proforma return with 80% average occupancy!! CLEAN ENVIRONMENTAL REPORT IS AVAILABLE!!! Property consists of 60 rental pads and a single family house. Separate electric meters. Well and septic system in place. Boat parking available and can be rented for additional income. All parks in the area have 100% occupancy at $400+/month on each lot. This park will generate $299,400+ with all units rented at $400+/month. Additional $10,000 to $20,000 can be generated from slip rentals. Very inexpensive property to own and operate as pads do not need maintenance. Beautiful view. Priced at a discount for a quick sale. Value add opportunity or long term hold. Perfect for retirement and fishing lifestyle.
Location
State FL
County Okeechobee
Community Great Lakes
Zoning MF
Interior
Heating Other
Cooling Other
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Other
Waterfront false
Roof Type Other
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range Two + to Five Acres
Sewer Septic Tank
Water Well
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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