This Multifamily Property is Off-Market.

70 Ave E N
Auburndale, FL 33823 ·

154 Spaces · Multifamily For Sale

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Everngreen MHP

Price N/A Property Use Type Investment
No. Spaces 154 Cap Rate 11%
Property Type Multifamily Year Built 1965
Property Sub-type
Mobile Home/RV Community
More...
  • Multifamily (land)
  • Residential (land)
  • Government Subsidized
Lot Size 28 AC
Listing ID: 14860166 Date Created: 10/29/2006 Last Updated: 01/09/2007

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

Highlights

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

Research

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

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