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| Pagename | Kelly Boulton |
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| Title | 10 Beds 5 Baths House |
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| Link Url | https://facebook.com/marketplace/item/1368568917139988/ |
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| Page Name | Kelly Boulton |
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| Instagram Actor Name | Kelly Boulton |
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| Body | 10 Beds 5 Baths House - $235,000.00<br /> <br /> Description:<br /> REDUCED!!<br /> <br /> This property is almost 2 acres in the middle of the Moreland Park Neighborhood of Wildwood.<br /> <br /> Currently there are 4 mobile homes on 3 parcels with month-to-month agreements.<br /> <br /> 1. Uninhabitable/Removal - likely not worth the rehab. <br /> <br /> 2. Mobile Home owned by tenant -<br /> Pays Lot Rent ($350 currently, expects an increase)<br /> <br /> 3. Mobile Home owned by tenant - Pays Lot Rent ($300, expects increase)<br /> <br /> 4. Mobile Home conveys, has tenant - Pay rent ($700, expects increase)<br /> <br /> 5.Mobile Home conveys, has tenant - Pays rent($650, expects increase)<br /> <br /> Total monthly income is currently $2,050.<br /> <br /> At close, with new leases the monthly income AS-IS could be $2,400-$2,800.<br /> <br /> There is enough land to subdivide 12- 50'x140' lots or 6- 75'x140' lots. <br /> Currently 5 septic tanks among 3 parcels.<br /> <br /> Subdivide the three existing parcels, add as many new homes as you can and rent them out to maximize cashflow or sell them off and collect lot rent to minimize maintenance.<br /> <br /> This is an opportunity to develop a nice rental portfolio with one project, and/or to place newer Mobile Homes that can be sold by lot, for approximately $110-$180k per unit.<br /> <br /> Comps: 3718 County Road 230b - Pending $179k (1 home, 1 parcel)<br /> <br /> Note: 3 manufactured homes that will convey with the sale do not have titles and are not listed on the current deeds. They can remain on the property, but will not be retired on the title. <br /> <br /> It is suggested that the end buyer remove these three homes and replace them with newer models but is not required. Extensive research has been done, title ready to close, please ask if you have any additional questions. <br /> <br /> Asking: $240,000<br /> <br /> Location: Wildwood, FL<br /> Delivery Method: In-Person<br /> <br /> Currently For Sale On Facebook Marketplace |
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| Cta Type | CONTACT_US |
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