Historical Multifamily Sale Listing - Everngreen MHP

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Everngreen MHP

70 Ave E N, Auburndale, FL 33823

N/A

154 Spaces | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Spaces:
154
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Additional Sub-types:
Multifamily (land)
Residential (land)
Government Subsidized
Property Use Type:
Investment
Cap Rate:
11%
Year Built:
1965
Lot Size:
28 AC
Listing ID
14860166
Last Updated
over 1 year ago

Highlights

  • Can be a very large Park
  • Convient location
  • City sewer & water
  • Can add aditional 20 acres to double size

Description

This is a 28 acre park with the recent addition of city sewer and water. The park has 154 spaces of which 41 are park owned units on lots, 77 only lot rented, and has 33 vacant lots. The owner grew up in this Park and it was left to them by their Father. The owners have done all maintance and management. They have their own garbage truck. This agent believes the best use for this land is a multi-family development, but there is a need in the area for lower cost housing so if one chose to they could bring in more units and up grade the Park and eliminate the vacancy rate. There are several older units that need to be replaced before they can be rented and the other remaining lots need units. This park has great potential for growth and increaced profits. Adjoining this property is 20 acres owned by the Mother and is zoned for RV/MHP,also with sewer and water. Asking price for the 20 acres and home is $,750,000.00, which is also a great buy.

Located on the corner of 570 Polk expressway.at the HWY 92 exit E/E Memorial Blvd, 8 miles S of -4

Map of 70 Ave E N, Auburndale, FL 33823 (Polk County)

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Created 10/29/2006