Multi-Family•Mobile-RV Park•For Sale

30 acres MOL Zoned Commercial Industrial Plus 128 space MH RV Park Possible Note Assumption

1311 U.S. 92, Auburndale, Florida 33823

Sale Price $4,500,000
Zoning COMMERCIAL/INDUSTRIAL
Class B
Status Existing
Year Built 1963
Year Renovated 1974
Stories 1
Annual Taxes $42,481.00
Land Area 30 Acres
Project Size 144
Net Op Inc $390,000
Market Tampa/St. Petersburg
Sub-Market Polk County
Parcel# 25 28 10 000000 041110
This property is currently an operating MHP/Multifamily that is currently 70% occupied and currently producing $540,000 in Gross Revenue. Property zoning permits a multitude of development opportunities to include: · Medical/Health Care · Retail/Office · Multifamily · Indoor/Outdoor Storage · Warehouse There is also an option to continue the MHP/RV operation. The “Happy Day” MHP/RV park is comprised of approximately 30 acres of land which occupies 128 mobile home/RV lots, and 14-houses. The property has about 1320’ on US Hwy 92 West in Auburndale. · 128-MH/RV spaces (zoning permits both) - 36 POM · 14 Residential Homes · Area for 24 Additional Spaces · 30-acres MOL · Office Building · Laundry Room · Restrooms for Tenants · 2 Storage Buildings Asking Price: $4.5 Million OBO Financing: There is a private note on this property that includes the following: · $1,950,000 Balance · 5.5% Fixed Interest Rate (First 3-years Interest Only) · 25-Year Amortization · 10-Year Balloon The owner of the note may consider assigning the note to a qualified purchaser
  • 128-Unit MHP/RV Park Plus 14-16 Residential Homes
  • Currently Netting $390K at 65% Occupancy
  • 30-acres MOL - Zone Commercial-Industrial
  • High Density Residential - Commercial - Industrial Development Opportunity
  • Possible Note Assumption
  • 15 Minutes From Disney World

1 Spaces

1
10/16/2019 12:00:00 AM 10/17/2019 1:28:03 PM
Benny Spensieri
Broker
CRES Corp International
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