10432 COUNTY ROAD 44 #8,9,10,11, Leesburg, FL 34788 | MLS O5794028 | Listing Information | BHHS Florida Realty

10432 COUNTY ROAD 44 #8,9,10,11,  Leesburg, FL 34788

3,729 sqft
Status: Active
MLS#: O5794028
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Last Updated: 5/30/2020 2:29 AM
Description for 10432 COUNTY ROAD 44 #8,9,10,11 Leesburg, FL 34788
This is a great 4-Plex Business with 4 homes in one location. As the markets and banks are giving less then 5% return on investments, fluctuating daily, this Business opportunity is a proven rent income and you own the homes. These are four New Modern Tiny Homes, feels and shows large, on lots in a Park, Park is water front with Marina. The property management will lease and maintain homes so the investor is completely hands free, The massive cap rate return is based on a 7.5% vacancy rate per unit. This cap rate is 15% annually. The investor owns the homes. ' Cash on Cash approach shows a return on money invested at a 69% So the buyer of this business will own 4 homes and 100% of the income, tenant leases to be put in place before the end of 60 days , the owner of the park provides the property management, rent collection, security, collection of electric bills and pays the expenses on behalf of owner. Any investor can own this business from anywhere in the world and enjoy an average of a 21% return on their investment. This investment can be broken out to one Home at a time for $50,000.00 per Home set up and in place to lease. Buy 4 or one it is your option. CLICK ON PAPERCLIP ABOVE TO SEE ATTACHED INVESTMENT PROFILE DETAILS
Price
$200,000
ACREAGE & UNREC
Lake
3,729 (approx)
O5794028
Active
Description
This is a great 4-Plex Business with 4 homes in one location. As the markets and banks are giving less then 5% return on investments, fluctuating daily, this Business opportunity is a proven rent income and you own the homes. These are four New Modern Tiny Homes, feels and shows large, on lots in a Park, Park is water front with Marina. The property management will lease and maintain homes so the investor is completely hands free, The massive cap rate return is based on a 7.5% vacancy rate per unit. This cap rate is 15% annually. The investor owns the homes. ' Cash on Cash approach shows a return on money invested at a 69% So the buyer of this business will own 4 homes and 100% of the income, tenant leases to be put in place before the end of 60 days , the owner of the park provides the property management, rent collection, security, collection of electric bills and pays the expenses on behalf of owner. Any investor can own this business from anywhere in the world and enjoy an average of a 21% return on their investment. This investment can be broken out to one Home at a time for $50,000.00 per Home set up and in place to lease. Buy 4 or one it is your option. CLICK ON PAPERCLIP ABOVE TO SEE ATTACHED INVESTMENT PROFILE DETAILS
Listing Information
Property Type: Business Opportunities, Other
0.85 Acres 3,729 (approx) 2019
Metal,Frame
19//
ACREAGE & UNREC, Status - Completed
16 Total
Neighborhood
Room Information
Interior Features
Carpet, Linoleum
Window/Wall Unit, Ductless, Humidity Control
Electric Heating, Central
Accessible Bedroom,Accessible Central Living Area
150 Amp Service
Fire Alarm,Security Fencing/Lighting/Alarms,Security Lights,Smoke Detector(s)
Exterior / Lot Features
None,Other
Metal, Frame
Assigned Boat Slip,Dock - Concrete,Dock - Open,Doc
Other
NORTH CHAIN OF LAKES
0
C-1
Other,Street Paved,Turn Around,Lease Term - 3 to 5 Years
Community Features
Fire Alarm,Security Fencing/Lighting/Alarms,Security Lights,Smoke Detector(s)
Driving Directions
from 441 go north on CR 473 approx 3.1 miles to right onto CR 44, go over the Hains creek bridge, continue to the to third drive way on the right. Sign at the front will say "Spillway Waterfront Park Mobile and RV Living"
Financial Considerations
$6133
Market Trends and Price History
Listing Price History

Leesburg Real Estate

Leesburg is located in Florida. Leesburg, Florida 34788 has a population of 23,102.

The median household income in Leesburg, Florida 34788 is $36,928. The median household income for the surrounding county is $44,286 compared to the national median of $50,013. The median age of people living in Leesburg 34788 is 47 years.

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Courtesy: GLASBRIDGE LLC


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