1551 N OAK PARK AVENUE, Avon Park, FL 33825
- $249,900
1551 N OAK PARK AVENUE, Avon Park, FL 33825
- $249,900
Overview
- Multi-Family, Residential Income
Description
Nice little investment opportunity for your portfolio and/or future. This .65 acre property just across the street from the public boat ramp to Lake Viola, has 4 mobile homes OWNED BY THE INDIVIDUAL TENANTS who pay lot rent, their own utilities and maintain their own space. Next to no overhead for the owner other than taxes and insurance with an 8.5% cap rate. This area has been rezoned R2 (medium density residential, NOT for MHs) and in the future, as the units age out of service, the Mobile Homes will not be allowed to be replaced by newer units. However, at that time, it may be possible to subdivide the parcel into 2 lots for two single family residences each OR two duplex homes (one on each lot). In the mean time, the unit owners pay lot rent giving you over $2000/mo towards the cost of the purchase. Great starter investment for a young wealth builder! Buyer and buyer’s agent to verify all information with the County.
Address
Open on Google Maps-
Address: 1551 N OAK PARK AVENUE
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City: Avon Park
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State/county: FL
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Zip/Postal Code: 33825
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Country: US
Details
Updated on December 21, 2023 at 9:38 pm-
Property ID HZL4938278
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Price $249,900
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Land Area 0.65 Acres
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Garage Size x x
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Year Built 2000
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Property Type Multi-Family, Residential Income
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Property Status Canceled
Additional details
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Listing Terms Cash,Conventional
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Roof Other
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Utilities Electricity Connected
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Sewer Other
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Cooling Other
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Heating Other
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County Highlands
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Property Type Residential Income
Features
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees