Two Mobile Home Sites on 1.5 Acres Wellon Ave. Orlando, FL. 32833
Property Detail
Property Description
Great opportunity to own 1.5 acres in east Orlando zoned for 2 mobile homes. Currently has one mobile home on site but needs to be removed. Lot already has 2 septic tanks, and two electric poles, at least one newer well and possibly a second well. The back of the property backs up to a small creek that is always flowing.
This works as either a flip or buy and hold with two income generating properties. Bring in 2 used mobile homes and this could be generating $1600-$2000/m in rents. This deal is priced right and shouldn’t last long. Also comes with 38ft RV that the current owner has been living in for 5+ years. You can rent the RV while waiting to replace or repair the mobile homes.
You can add 1 newer used 1100sqft mobile home and this property should be worth $140k or add 2 used mobile homes and it could be worth $160k+ based on cashflow and land value.
Showing by appointment only, Do not disturb owner.
Comps:
208 Wellon Ave: Beat up 1973 mobile home on .75 acres sold for $70k in 2 days
18456 16th Ave.: 1998 manufactured home on almost 1/4acre sold for $129,000 in 39 days
18404 12th Ave.: 1998 mobile home, 1104sqft, on .35acres sold for $131,000 in 59 days
