$720,000

18721 Hwy 27

LAKE WALES FL, 33853

Description

The rental mobile home park is with 24 units and 6 vacant lots. These mobile homes are owned by tenants; therefore park owner doesn't have the responsibility to repair and maintain mobile homes. The tenants pay the rental lot fee to the property owner monthly. The net profit is $36,197 in 2018 and $40,204 in 2019. Owners responsibilities are to maintain the well which provide water to mobile homes and landscape. The sewer of park is connected to city sewer system. This home park is easy to operate as an out of town owner and a great opptunity of capital returned for investors.

Details

MLS#O5892092
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1969
Days On Site31

Features

SQ Feet480
ZoningC-3
Acreage4.35
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Area Information
StateFL
CountyPolk
CityLAKE WALES
Zip Code33853
Area33853 - Lake Wales South
Listing VS Median (in 33853)
Price:
$720,000
low | high
Med:
$175,000
100% of Average
SqFt:
480
low | high
Med:
744
4.895833333333% of Average
$ / SqFt:
$1,500
low | high
Med:
$59
100% of Average
On Site:
31
low | high
Med:
264.500000
11.7202268431% of Average
Listing Updated: 10/02/2020
Lung Yu LogoMLS Number: O5892092
Listing Provided By:
Lung Yu  of  TRUE VINE REALTY LLC

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