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Mark A Smith 813 465 3421 markasmithtampabay.com
Smith & Associates Real Estate

Somerset Acres (Spring Hill, Florida, US - 34610)
$400,000 Priced to Sell !


"Mobile Home Park in Country Setting For Sale !" 
Smith & Associates Real Estate


Mark A Smith
813-465-3421(Office)
813-465-3421(Business)
813-465-3421(Cell)


 
Details

Address: 20312 Old Somerset Acres LN Spring Hill, FL
Type: Other
Style:  Manufactured Home
Lot Type: Irregular
Lot Size:  2.88acres 
Year Built: 1973
MLS#: T2855449
 
Description

Price reduced ! Very cozy, country, family park with 13 park own homes on 2.88 acres. Current owner purchased and is in the final stages of this park rebuild which is reflected in the high cash flowing proforma income numbers and rent increases. Currently 11 are rented with 2 vacancies which should be filled quickly. Expenses are low and park is easy to manage. Park has large septic tank, well water and a possible partial assumable mortgage. Take advantage of these rebuilt mobile home units and high future proforma income. NDA requested for financials with POFs requested for showings. Please do not go to the park without an appointment. See www.markasmithtampabay.com 2016 Net Income annualized at $44,286. Expected 2017 Proforma GI $ 78,240 and NI $53,360. Projected GI Proforma when 100% filled GI $89,940 .
 
P2#225118341

Information is deemed to be correct but not guaranteed.