Leesburg, FL 34788,10432 COUNTY ROAD 44
Leesburg, FL 34788,10432 COUNTY ROAD 44
Leesburg, FL 34788,10432 COUNTY ROAD 44
Leesburg, FL 34788,10432 COUNTY ROAD 44
Leesburg, FL 34788,10432 COUNTY ROAD 44
Leesburg, FL 34788,10432 COUNTY ROAD 44
See all 45 photos

$1,500,000

$1,500,000

Est.Price: ?

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Est. payment /mo

3,729 SqFt


SOLD DATE : 11/24/2020

Key Details

Sold Price $1,500,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,729 sqft

Price per Sqft $402

Subdivision Acreage & Unrec

MLS Listing ID O5872179

Year Built 1951

Annual Tax Amount $6,335

Lot Size 1.300 Acres

Property Description

Recession Proof Income.
This park is in the perfect location, Tenants usually work within 2 miles with local industry and that creates a 95 % occupancy 95% of the year.
Park owns all rental units in the park, securing the highest possible weekly and monthly rent amounts.
All capital projects have been completed/upgraded. New metal roof on main building, asphalt roads have been put in, upgraded electric to each site, new water lines to each site and upgraded sewer systems. The water utility is owned by the Park and has been completely upgraded, newer laundry room owned by Park, no machines rental. Main building has the owners 2 bed/2 bath, there is a second 2 bed/ 2 bath, and a 1 bed/1 bath. There are 2 Vacation rentals on the water front. There is 12 rentals in the front of the Park and 3 rentals in the back of the Park. Owners 2/2 has new kitchen and new bathroom. The proforma reflects potential monthly and annual income to actual costs.
Currently the actual income is nearly 90% of the forecasted income.

The marina is ready for finger docks and start renting spaces.

This park is perfect for an owner operator or put manager in the 1/1 apt that faces the front of the park.

Location

State FL

County Lake

Community Acreage & Unrec

Zoning C-1

Interior

Heating Central, Electric

Cooling Central Air

Flooring Carpet, Ceramic Tile, Hardwood, Laminate

Exterior

Utilities Available BB/HS Internet Capable, Other

Waterfront Description Lagoon,Marina,River Front

View Y/N 1

Water Access 1

Roof Type Membrane,Metal,Other

Building

Lot Description Riprarian Rights, Street Lights, Paved, Turn Around, Waterfront, Wooded

Story 1

Foundation Slab

Sewer Septic Tank, Other

Structure Type Block,Vinyl Siding,Wood Siding

New Construction false

Others

Acceptable Financing Cash, Conventional, Other, Private Financing Available

Listing Terms Cash, Conventional, Other, Private Financing Available

Special Listing Condition None

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Stellar MLS
Listed by GLASBRIDGE LLC
Bought with GLASBRIDGE LLC

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