MOBILE HOME PARK OPPORTUNITY IN WINTER HAVEN

Description

📣 MOBILE HOME PARK IN LAKE WALES, FL! 📣
**VALUE ADD OPPORTUNITY**
Details:
🔹 Bed/Bath Configuration: Two 2/2’s, One 2/1
🔹 Square Footage:
Unit 1: 728 sqft
Unit 2: 672 sqft
Unit 3: 960 sqft
Total: 2360 sqft
🔹 Lot Size: 1.01 Acres (44,000 sqft)
🔹 Roof Condition: Great condition, no leaks
Minor renovations completed 6 months ago
Each unit has its own meter; tenants pay their own utilities, hooked up with well and new pump replaced 4 years ago (2 septic tanks)
🔹 Zoning: R3, Multi-Family Dwellings (Generic, 2+), can accommodate up to 12 units VALUE ADD OPPORTUNITY
🔹 Tenants and Occupancy:
3 tenants, all on month-to-month leases
Rent: $625, $550, $675 (total: $1850/month)
One additional unit was paying $700 before it burnt down; still has meter and septic tank hookup
🔹 Property Features:
Potential to reconfigure space to maximize number of units
Close proximity to lakes
Great for positive cash flow with little money down
Passes the 1% rule for rental income