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Ideally located between Winter Park Rd and Tuskawilla Blvd. is an amazing opportunity to own 5 manufactured homes on 4 parcels in desirable Casselberry. Currently, each unit is tenant-occupied on month-to-month leases, with each unit bringing in around $800 a month. The properties have been self-managed with long-term tenants. With some light updating, there is room to increase rents to $950-$1000 a month, making the pro forma a massive 10%+ return. Finding a near-turnkey rental opportunity in Casselberry right now is practically impossible. This investment works great as either a flip or a rental. There's also the possibility of replacing the mobiles with larger models or building small single-family homes as the zoning appears to allow both mobile homes or site-built homes. Two of the lots back up to a small pond and are .13 acres & .17 acres. The other two parcels are .23 acres & .15 acres. New construction homes are being built on .14 acres and larger. on Newer model, manufactured homes are selling in the 150k-200k range, and new single-family homes are selling quickly at 275k plus. You won't find an opportunity like this anywhere else.
| DAYS ON MARKET | 41 | LAST UPDATED | 6/27/2022 |
|---|---|---|---|
| TRACT | A REP OF A PT OF LTS 1 & 2 WATTS FARMS | YEAR BUILT | 1973 |
| COMMUNITY | 32707 - Casselberry | COUNTY | Seminole |
| STATUS | Sold | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 32707 - Casselberry |
| CONSTRUCTION | Metal Frame |
| HEAT | Wall Units / Window Unit |
| LOT | 6500 sq ft |
| STYLE | Multi-Family |
| SUBDIVISION | A REP OF A PT OF LTS 1 & 2 WATTS FARMS |
| TAXES | $423.00 |
| UTILITIES | Public |
| VIEW | Yes |
| VIEW DESCRIPTION | Pond |
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Listing provided by Mike McKernan, EQUITYPRO LLC
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/18/24 9:56 PM PDT.
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