Rare Investment opportunity. 15%+ cap rate. $3300 a month income. $40,000 Annual income. 5 mobile home units on 1 parcel, water sewer, electric all 1 grid! no septic!. Location is 5 minutes to new St. Johns's county bridge! Units are leased out, longterm leases, $650 each rent, profession managed. Rents to be raised. Parcel may be sub-dividable upto 4 sfh's per county. Make offer with proof of funds, appointment; do not disturb tenants until POF, serious and your Understanding that Units are grandfathered-in, non-conforming, can't be replaced. units rent indefinitely, units ok cond. Cant be replaced. Common to growth city, Cash offer, or Seller finance 20% down negotiable terms, base 8%, 3 years.
Listing courtesy of FLORIDA HOMES REALTY & MORTGAGE LLC.