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Home For Sale Florida Cross Creek 3466
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Investment Property For Sale By Owner

Cross Creek Mobile Home Park - Just outside Gainesville, Florida




14315 SE 174th Place, Cross Creek, Florida 32640 United States
Description

Ten Space Mobile Home Park For Sale Below Appraised Value. Appraised for $100,000 in 2009. Asking $98,500. Currently the park is returning 8% on the investment; when fully occupied the return is 29%! The park is in historic Cross Creek around the corner from the Marjorie Kinnan Rawlings estate and the famous Yearling Restaurant. City water and city sewer (GRU - Gainesville Regional Utilites) - each tenant pays their own utilities. Electricity is provided by Clay Electric. Park is on a cul-de-sac with other privately owned mobile homes and lots. Mostly seniors and snow birds occupy the area. Each tenant owns the mobile home and pay $240 monthly lot rent. A 4th mobile home is owned by the park and is currently under renovation - is included in the purchase price. The other 6 lots are vacant. Could add trailers and sell them to collect lot rent only or rent out the trailers for additional income. Current survey and recently upgraded utilities by City. It sits on a canal to Orange Lake. Property taxes are: $2351. Other business interest is forcing liquidation. Serious inquires only please. Email with any questions or call 352-262-3080. Outstanding return on investment.

Price: $98,500
Property Sub-Type: Investment Property
Total Lot Size : 1.07 Acres
Listing ID: 3466

Map of: 14315 SE 174th Place, Cross Creek, Florida 32640 United States

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