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

1,200 sqft
Status: Active
MLS#: O5794028
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Last Updated: 7/21/2019 8:25 PM
Description for 10432 County Road 44 8,9,10,11 Leesburg, FL 34788
This is a great 4-Plex Business with homes to sell, as the markets and banks are giving less then 5% return on investments, fluctuating daily, this Business opportunity is a proven rent income and home ownership. 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 your investor is completely hands free, The massive cap rate return is based with a 7.5% vacancy rate per unit. This cap rate is 21% annually. The investor owns the homes. ' Cash on Cash approach shows a return on money invested at a 80% So the buyer of this business will own 4 homes and 100% of the income, tenant leases in place, 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.
Price
$200,000
Acreage & Unrec
Lake
1,200 (approx)
O5794028
Active
Description
This is a great 4-Plex Business with homes to sell, as the markets and banks are giving less then 5% return on investments, fluctuating daily, this Business opportunity is a proven rent income and home ownership. 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 your investor is completely hands free, The massive cap rate return is based with a 7.5% vacancy rate per unit. This cap rate is 21% annually. The investor owns the homes. ' Cash on Cash approach shows a return on money invested at a 80% So the buyer of this business will own 4 homes and 100% of the income, tenant leases in place, 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.
Listing Information
Property Type: Business Opportunities, Other
0.85 Acres 1,200 (approx) 2019
19//
Acreage & Unrec
150 Amps, Other
Neighborhood
Room Information
Interior Features
Window/Wall Unit
Electric Heating, Central
Exterior / Lot Features
None
C-1
Bay, Creek, Dumpster, Security Lighting, Dock, Paved Road, County Road
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
02-19-25-0002-000-01400
$6,133
2018
Market Trends and Price History
Listing Price History

Leesburg Real Estate

Leesburg is located in Florida. Leesburg, Florida 34788 has a population of 23,018.

The median household income in Leesburg, Florida 34788 is $36,471. The median household income for the surrounding county is $43,227 compared to the national median of $49,877. The median age of people living in Leesburg 34788 is 47 years.

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Courtesy: GLASBRIDGE LLC


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