10432 County Road 44, Leesburg, FL 34788

$1,500,000
3,729
SqFt
Sold Price
$1,500,000
List Price
$1,500,000
Status
Sold
Closing Date
Nov 24, 2020
MLS#
O5872179
Property Style
Multi-Family
Year Built
1951
Living Area
3,729
Lot Size
66,452
Acres
1.30
Total Acreage
1 to less than 2
Legal Subdivision Name
Acreage & Unrec
MLS Area Major
Leesburg / Haines Creek

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.

Additional Information

Taxes
$6335
Location
Riprarian Rights, Street Lights, Paved, Turn Around, Waterfront, Wooded
Community Features
No Deed Restriction
Property Description
One Story
Zoning
C-1
Floor
Carpet, Ceramic Tile, Hardwood, Laminate
Appliances
Dishwasher, Microwave, Refrigerator
Utilities
BB/HS Internet Capable, Other
Heating
Central, Electric
Air Conditioning
Central Air
Exterior Construction
Block, Vinyl Siding, Wood Siding
Roof
Membrane, Metal, Other
Foundation
Slab
Pool
No Pool
Water Extras
Davits, Dock - Open, Dock - Slip 1st Come, Dock - Wood, Dock w/Electric, Dock w/o Electric, Seawall - Concrete
Water View
Lagoon, Marina, River
Water Access
Lagoon, Lake - Chain of Lakes, Marina
Water Frontage
Lagoon, Marina, River Front
Pets
Not allowed
Flood Zone Code
x
Parcel ID
02-19-25-0002-000-01400
Legal Description
W 150 FT OF E 300 FT OF NE 1/4 OF NW 1/4 N OF NAVIGATION CHANNEL & S OF HWY ORB 4856 PG 258 ORB 5087 PG 2490

Mortgage Calculator

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Listing courtesy of GLASBRIDGE LLC. Selling Office: GLASBRIDGE LLC.

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