ENGEL & VOLKERS FIRST COAST
Listed by Christie's International Real Estate First Coast, ENGEL & VOLKERS FIRST COAST
$1,700,000
4676 Lambing Road
Details
APN 0131690000
Property Type Retail, Multifamily
Sub Type Apartment Building, Commercial
Units 19
NOI $101,847
Tenancy Vacant
Price per SqFt $175,258
Stories 1
Acreage 9.700
Zoning Residential
Investment Type Owner/User
Retail
Marketing description
Be your own Owner, 9.7 acres of Steady/Stable Income producing Mobile Home Community, plus, a private home on nice corner lot for
you, the owner. There are 19 Lots of which 13 rented mobile homes, 1 vacant mobile home, 4 pay lot rent only, 1 vacant lot and 1 rented as RV lot. Many of
the Homes have been totally renovated on the interior and are maintained. Increase your income with more mobile homes or even rent vacant lots for RV
Longterm or Short-term. Majority of tennants are long time renters. Developers, this is a prime location. Properties are on Septics and Majority are on Private
Wells. This investment will have immediate income. There is ''No'' sign on the property and you must have a confirmed appointment and be accompanied by
a Realtor. The hard work has already been done. Enjoy being your own boss and steady income and/or take it to the next level, either way, you have a
rewarding business. Number are best of knowledge. Buyer must do their due diligence.
Tennants cannot be disturbed. Do not drive into the property's side driveways please. Sellers would like to respect Tenant Leases. Call
Listing Realtors. Great opportunity for an established income producing business, Or property could support new construction. Buyers must do their own due
diligence. Main Home, 4676 is on City Water and Septic.
Investment highlights
- Occupant Type: Owner
- Parking Features: Varies by Unit
- Possession: Close Of Escrow; Subject To Tenant Rights
- Road Frontage Type: City Street
- Sale Includes: Building & Land; Business with Lease
- Business Type: Mobile/Trailer Park
- Current Use: Investment; Residential
- Income and Expenses: Gross Income: 137,495; Insurance Expense: 1,682; Net Operating Income: 101,847; New Taxes Expense: 7,837; Operating Expense: 26,129; Source of Expenses - Owner
- Listing Service: Full Service
- Unit 1 Details: Unit ID: Lot 10
- Annual Rent: $0
- Unit SqFt: 920
- # Units (This Type): 3
- Furnished: Unfurnished
- Unit Remarks: 3 Mobiles, 1 Lot Rent only, 1 Vacant Lot
- Unit 2 Details: Unit ID: Lot 11
- Annual Rent: $0
- Unit SqFt: 800
- # Units (This Type): 5
- Furnished: Unfurnished
- Unit Remarks: 5 Mobiles + 1 Vac Lot (no well or septic)
- Unit 3 Details: Unit ID: Lot 12
- Annual Rent: $0
- Unit SqFt: 1,000
- # Units (This Type): 5
- Furnished: Furnished
- Unit Remarks: 4 Mobiles + 1 Vacant
- Unit 4 Details: Unit ID: Lot 13
- Annual Rent: $0
- Unit SqFt: 1,000
- # Units (This Type): 0
- Furnished: Unfurnished
- Unit Remarks: Primary Home,(3/1), 4 Mobiles, 1 Lot Rent, 1 Vacan
- Unit 5 Details: Unit ID: 1
- Annual Rent: $0
- Unit SqFt: 1
- # Units (This Type): 0
- Furnished: Unfurnished
- Unit Remarks: N/A
- Unit 6 Details: Unit ID: 1
- Annual Rent: $0
- Unit SqFt: 1
- # Units (This Type): 0
- Furnished: Unfurnished
- Unit Remarks: N/A
- Unit 7 Details: Unit ID: 1
- Annual Rent: $0
- Unit SqFt: 1
- # Units (This Type): 0
- Furnished: Unfurnished
- Unit Remarks: N/A
- Unit 8 Details: Unit ID: 1
- Annual Rent: $0
- Unit SqFt: 1
- # Units (This Type): 0
- Furnished: Unfurnished
- Unit Remarks: N/A
Listing Contacts
ENGEL & VOLKERS FIRST COAST
Listed by Christie's International Real Estate First Coast, ENGEL & VOLKERS FIRST COAST
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,847.00
$8,487.25/mo
Valuation Metrics
0
DSCR
5.99%
Cap Rate
5.99%
ROI
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