4908 Durant Rd - Manufactured Housing/Mobile Housing FOR SALE


Dover, FL 33527
$2,950,000 USD
813-391-1545
4908 Durant Rd, Dover, FL for Sale
$2,950,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/33
null | 9.49% Cap Rate

4908 Durant Rd
Dover, FL 33527


HIGHLIGHTS

  • LONG-TERM "LOW INTEREST RATE" SELLER FINANCING
  • 100% OCCUPIED - LONG-TERM TENANTS
  • VERY HIGH INCOME = 9.5% CAP RATE AT ASKING PRICE

OVERVIEW

These two well-established MHP’s are located within upper-end residential communities. Both parks have been fully renovated to the max. Owner has spent over $500,000 on renovations to include completely upgraded units commanding high rents with long term tenants and 1-year leases. Remodeled units have new metal roofs, completely new PEX plumbing and electrical wiring, new subfloors, textured drywall, vinyl flooring, vinyl siding, new kitchen, and appliances. Combined Parks include: -4-Acres (2-acres at Cozy Oaks is currently unused) -21-Spaces & 21 MH Units (One is a Duplex) -22 Rental Units -Well & Septic (New Well Pump) -On-Site Management/Maintenance -Fully Digital Leasing & Rent Collection  -Current Occupancy: 100% Current Gross Revenue: $336,960 -Current NOI: $280,000 -Tenants on 1-Year Leases (Built-In Rent Increase) Seller Financing: Seller financing is offered to qualified purchasers. Rate and terms are TBD but a tentative loan offering may include: -50% down payment -5-6% Interest Only Or -Amortized 25-30 Years -5-15 Year Balloon

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$23 USD /SF

# OF UNITS

22

PRICE/UNIT

$134,091

CAP RATE

9.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TWO MHP'S - LONG-TERM SELLER FINANCING!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,732 SF

ZONING

AS-0.4

APN/PARCEL ID

U-33-29-21-ZZZ-000004-19860.0

ASK ABOUT THIS PROPERTY

Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.