Cloverport Mobile Home Park is a 27 lot/pad and one CBS studio complex with laundry facilities rented on an annual basis. All units are tenant owned, park sits on over 2.5 acres, with three entrances, sub-metered public water & septic. Currently there are 11 vacant lots, each having electric and sanitation hookups. The value-add for this opportunity is providing mobile homes on the vacant lots increasing the capitalization rate to 9.2% with a capital expense $599,500. See Offer Memorandum attached to MLS Cloverport MHP is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee with its dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort. Currently there are 2 mobile homes that were purchased by the tenants, each paying $600/mth.
Date | Details | Change |
---|---|---|
Price Reduced from $1,025,000 to $990,000 | ||
Price Reduced from $1,100,000 to $1,025,000 |
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2024 BeachesMLS, Inc.