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Browse More Listings in Multifamily For Sale, Lakeland, FL or Florida

Multifamily Property - Off Market

9 Unit Mobile Home Park

3702-3714 Valley Farm Road, Lakeland, FL 33810

Price:
N/A
No. Spaces:
9
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
4%
Cap Rate:
8.70%
Occupancy:
100%
Year Built:
1985
Lot Size:
1.81 AC
Tax ID / APN #:
23-27-28-000000-04360 & 23-27-28-000000-043040

Last Verified 8/30/2009 Listing ID 15222035

Highlights

Excellent income opportunity
Well maintained
Sub-market rents

County water and septic tanks
See attachments for flyer, rent roll, and income statement
Ease and quick access to I-4 and US 98

Description

Two parcels: 23-27-28-000000-04360 and 23-27-28-000000-043040. These two parcels represent 1.81 acres that include 9 owned mobile homes generating rental income of $4,530 per month. Monthly expenses including property taxes, insurance, and general maintenance (building and lawn care) approximate $1,560 per month. Annual NOI of $33,867 yields a 8.90% cap rate...based upon the asking sales price. Mobile home units were purchase new in 1985-1989.

Galloway Road to W on Mt. Tabor Road to N on Lewellyn Road to E on Valley Farm Road to site.

Map of 3702-3714 Valley Farm Road, Lakeland, FL 33810 (Polk County)

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Created 7/1/2007

Additional Information for 3702 Valley Farm Road, Lakeland, FL 33810

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 9 Unit Mobile Home Park

3702-3714 Valley Farm Road, Lakeland, FL, 33810