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Salem Tower 22754 Salem Tower Rd rd 6 Unit Mobile Home Park $374,000 ($62,333/Unit) 15.00% Cap Rate Perry, FL 32348
INVESTMENT HIGHLIGHTS
- The property comprises 5 separate buildings and 1 RV hookup on a beautiful 5 acre estate. Four of the cabins feature a studio floorplan.
- Turn-key with modern interior upgrades.
- High demand for long-term rentals.
- 100% occupancy with a strong rental history and waiting list of back up tenants.
- Below market rents allowing new ownership to increase NOI upon new leases and renewals.
- Property manager on sight.
EXECUTIVE SUMMARY
Income Producing!!! HIGH and DRY in highly sought after Steinhatchee!!! This could be your next investment opportunity! This charming, coastal property is situated on a 5-acre estate, with 5 cabins and 1 RV hookup. Currently generating $5600 per month in rental income. Whether you're looking to expand your rental portfolio or simply dip your toes into the world of real estate investing, it offers endless potential. With a friendly and welcoming community, your tenants will feel right at home and you'll enjoy a steady stream of income. New roofs, rental income is on a monthly basis. With its great location right off of Beach Road, your tenants will have an easy drive to the local boat ramps, restaurants, and marinas in Steinhatchee, or an easy commute to Perry, while still being able to enjoy the tranquility of country living. Don't miss out on this opportunity, call today and see in person!!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$67,200
|
$13.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,200
|
$13.44
|
| Taxes |
$1,018
|
$0.20
|
| Operating Expenses |
$7,200
|
$1.44
|
| Total Expenses |
$8,218
|
$1.64
|
| Net Operating Income |
$58,982
|
$11.80
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $13.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $13.44 |
| Taxes | |
|---|---|
| Annual | $1,018 |
| Annual Per SF | $0.20 |
| Operating Expenses | |
|---|---|
| Annual | $7,200 |
| Annual Per SF | $1.44 |
| Total Expenses | |
|---|---|
| Annual | $8,218 |
| Annual Per SF | $1.64 |
| Net Operating Income | |
|---|---|
| Annual | $58,982 |
| Annual Per SF | $11.80 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Tile Floors
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Range
- Vinyl Flooring
SITE AMENITIES
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,050 | 900 - 1,100 |
| 3+2 | 1 | $1,000 | 900 |
| 1+1 | 1 | $500.00 | - |
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Salem Tower | 22754 Salem Tower Rd rd
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