1131 Mccampbell Road, Auburndale, FL 33823

Description

Multiple offer Received. Please note income and expenses have been revised as of 9/1/2022. Over 13% CAP RATE AT CURRENT RENTS. 50% down private financing now available. Rent roll and income & expense statement available. 18 units! One 6,000sf commercial warehouse and an 8 unit RV Park and a 9 unit Mobile home park all on one tax ID parcel. Rents are under market value and can be increased in current condition. Commercial Bldg: $1,500/month. (Market rate $2500-$3000+), 1 Billboard $100/mo Market rate is $300. 8 RV's = $4,383/mo, Nine Mobile Homes: $4,450/mo. RV and Mobile home Rents could be raised 5-10% in current condition. Gross Monthly Income: $10,433.32 with room to increase without doing improvements. All except 2 mobile homes are owned by park. One private well located in commercial building supplies water to all. Septic System has been maintained and works well. CASH ONLY or hard money only. 5 day inspection period max. Commercial Building, Septic and Well are available for inspection with accepted offer. The RVs and Mobile Homes are older and no value has been added to the listing price for them. Escrow deposit is 5% minimum and must be paid within 48 hours of accepted offer. No Finance and/or Appraisal Contingencies. Escrow Deposit is non refundable after inspection period. All leases are verbal and on month to month. What you see is what you get. Experienced Mobile Home Park owner/operators offers preferred. Do not disturb tenants. Rare opportunity! Submit your highest and best offer with terms as stated above.