5204-5219 Limit Dr
New Port Richey, FL 34652
GULFSIDE MHP (49 UNITS) · Multifamily Property For Sale
·
35,000 SF
Property Facts
About 5204-5219 LIMIT DR , NEW PORT RICHEY, FL 34652
-----UNDER CONTRACT WITH INSPECTIONS AND RIGHT TO CANCEL UNTIL JUNE 8TH. ACCEPTING BACK UP OFFERS------- 10% CAP MOBILE HOME PARK (IN 2017) FOR SALE WITH LOTS OF UPSIDE POTENTIAL! ******CURRENT P&L'S FOR 2018 WILL MAKE IT A 12% CAP BY THE END OF THE YEAR******* HEALTH DEPT. PERMIT ALLOWS 49 UNITS. THERE ARE 30 MOBILE HOMES, 5 APARTMENTS, AND 14 EMPTY LOTS. CURRENTLY ONLY 24 MOBILE HOMES RENTED WITH GROSS RENTS OF $15,700 PER MONTH. NET MONTHLY INCOME BETWEEN $10,500 AND $11,500 PER MONTH. RENT ROLL ONLY BASED ON THE 24 UNITS THAT HAVE BEEN REHABBED AND RENTED. LOTS OF UPSIDE POTENTIAL! ALL OF THE RENTED MOBILE HOMES WERE COMPLETELY REMODELED WITHIN THE LAST 3 YEARS. VERY LITTLE MAINTENANCE. CITY WATER. HOMES ARE INDIVIDUALLY METERED SO THAT THE TENANT'S PAY THEIR OWN ELECTRIC. ALL UNITS PARK OWNED.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $750.00 | - |
| 1+1 | 10 | $625.00 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,034,701 | Total Assessment | $1,034,701 |
Property Taxes
