6751 16th Street
ZEPHYRHILLS, FL 33542

Description

ZEPHYRHILLS - MOBILE HOME PARK - ALL 4 UNITS HAVE BEEN RENTED BY THE SAME TENANTS FOR MORE THAN ONE YEAR. LOW TURNOVER AND A VERY STABLE MONTHLY INCOME. UNITS: #1 - 1972, #2 - 1982, #3 - 1990, ARE ON ONE SINGLE SEPTIC TANK INSTALLED IN THE LAST 12 MONTHS WITH A NEW LEACH FIELD AND #4 - 1936 IS ON ITS OWN SEPTIC TANK AND COULD BE CONNECTED TO THE LARGE TANK IF NEEDED. EACH UNIT IS SEPARATELY METERED FOR WATER AND ELECTRIC. EACH UNIT PAYS $15 MONTH FOR MOWING. EACH UNIT IS ON A MONTH TO MONTH LEASE. EACH UNIT HAS A $600 DEPOSIT IN ESCROW. OWNER PAYS TAXES, INSURANCE, UTILITY LIGHT POLE. THAT IS IT. THIS PARK IS VERY CLEAN AND OWNER HAS A CLOSE RELATIONSHIP WITH EACH TENANT. ALL RENTS ARE PAID ON TIME. ESTIMATED CAP RATE IS 13% WHICH MAKES FOR AN EXCELLENT PURCHASE.

Details

MLS#T3168092
Sub-TypeResale
StatusActive
Year1936
Days On Site39

Features

SQ Feet2,368
Units4
Building(s)4

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Area Information

StateFL
CountyPasco
CityZEPHYRHILLS
Zip Code33542
Area33542 - Zephyrhills
Listing VS Median (in 33542)
Price:
$225,000
low | high
Med:
$129,500
92.444444444444% of Average
SqFt:
2,368
low | high
Med:
1,383
91.596283783784% of Average
$ / SqFt:
$95
low | high
Med:
$94
51.452237486945% of Average
On Site:
39
low | high
Med:
16
100% of Average
Listing Updated: 05/19/2019
MLS Number: T3168092
Listing Provided By:
Gregory De La Rue  of  ELITE BROKERS LLC

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