Multi-Family Mobile Home Site Walnut Ave. Okahumpka, FL. 34762
This is a multi-family .53-acre mobile home site zoned for multi-family use. There are 4 mobile homes on property; 3bed/2bath, 2bed/2bath, and two 2bed/1bath and one just paying lot rent.
Only one unit is currently being rented, the owner is living in the 3/2 and one person paying lot rent. If all units are rented the whole complex should bring in around $2,300. After taxes and insurance this has a potential ROI of 15% – 19%.
All units are on their own septic. The double-wide is on its own lot, the 3 single units share one commercial size well. When the seller moves out of his unit it will need some minor clean up, paint and some small roof repair where he removed the skylights. The other vacant unit needs to clean up and could use new flooring in some areas. I would estimate repairs on all to get in good rental condition is $8,000-$10,000.