$200,000

10432 County Road 44 #8,9,10,11

LEESBURG FL, 34788

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

Details

MLS#O5794028
StyleIndustrial
Sub-TypeResale
StatusActive
Year2019
Days On Site133

Features

SQ Feet1,200
Story(s)1
Units16
ZoningC-1

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Area Information

StateFL
CountyLake
CityLEESBURG
Zip Code34788
Area34788 - Leesburg / Haines Creek
Listing VS Median (in 34788)
Price:
$200,000
low | high
Med:
$165,000
67.5% of Average
SqFt:
1,200
low | high
Med:
1,524
23% of Average
$ / SqFt:
$167
low | high
Med:
$108
85.03937007874% of Average
On Site:
133
low | high
Med:
22
100% of Average
Listing Updated: 11/19/2019
MLS Number: O5794028
Listing Provided By:
Travis Sawchuk  of  GLASBRIDGE LLC

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