Spring Hill Park with Financing

Spring Hill Park with Financing

13 bed 7 bath 1234 sq ft Built in 1982 Multi-family
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58
Occupancy Status
Low High
13 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
13/20
Quality of Floor Plan
Choppy Flowing
8/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Here is a great opportunity to own an income-producing, mobile home park, in a Spring Hill, FL. This mobile home park sits on over 3.8 acres, just off US HWY 41. The wooded acreage is already cleared and subdivided into 6 parcels - approximately 1/2 an acre each. This convenient location, paired with five of the six parcels already being tenant-occupied, makes this a solid buy-and-hold. All five of the homes have separate wells, septic, and electricity in place. The investors could also sell off the mobile homes individually. The sixth lot is cleared but does not have utilities set up. Presently, this mobile home park produces approximately $62,000 annually, with two tenants paying month to month and three tenants on annual leases. The month-to-month tenants are paying below-market rent. Their rent rate could be bumped up, allowing the new owner to capitalize on that positive change in the numbers, almost immediately. $85,000 in seller financing is available - please contact your EquityPro advisor for terms. 

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We recommend rent
Rental Income
$5,175 mo. / $62,100 yr.
Estimated Taxes
$1,278 / yr.
Maintenance
$1,500 / yr.
HOA Dues
$0 / yr.
$50,622
Projected Income
9.48%
Estimated APY
$23,175
Projected Income
3.70%
Estimated ROI

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