Mobile Home Park F O R S A L E HUGE LAKEFRONT VALUE ADD!

$200k UNDER MARKET VALUE ON LAKE APOPKA-Asking $650,000

This 4.51 acre Mobile Home Park sits right on Lake Apopka, right off the 429 and the 414 leaving you minutes from Winter Garden, Maitland and Downtown Orlando. Recent Appraisal for the property at $850k!! Take advantage of the 24% below market value. The Mobile Home Park is priced $200,000 below Appraised Value. The Park currently has a total of 6 units and a laundry room however, the value is in the land. With the drawn up plans as a Mobile Home Park, you can place 16-18 homes (4 sfh/mobile homes per acre) on the 4.51 acres. The appraisal may easily come in around 8% cap! You can also zone the land for a 16-18 single family homes subdivision. Additional concept plans are drawn up to have SFHs and an RV park on the land. The majority of the park is zoned C-2 but the Future Land Use makes it very easy to rezone for whatever you'd see fit. The park runs on Septic and Well with a 600ft deep pump. Possibility to connect to city water and sewer. The value add potentials are limitless!

Site Details:

Park Address: 2505 Fishermans Paradise Rd Apopka FL 32703

County-Orange

Land Size 4.51 Acres +/-

Units 6 Units: There are 4 mobile homes and 2 single family homes. Park Zoned for 16-18 mobile homes, sfh or develop town homes. (4 homes per acre allowed)

Property Use Mobile Home Park, Potential Development

Utilities The whole park is on Well and Septic. May connect to City Every unit is individually metered

Taxes $10,504.62 (2019)

Traffic Count 11,900. Ocoee Apopka Rd, High Concentration

Deal As-is Appraisal at $851,856

Huge Value Add potential Asking $650,000

Located within 10 minutes from busy market areas including Dollar General, Sunoco, UF Research Campus The is lakefront to Lake Apopka. A total of 4.51+/- acres. There is a lot of space to add tremendous value! and the new Apopka Hospital.

Map To Property

Property Address:

Property Details

Status: Available
State: FL
County: Orange
Parcel Number: 30-21-28-0152-00-231
Short Legal Description: GEORGE W ANDERSON SUB A/6 LOTS 23 & 24 LAND ON W TO WATERS OF LAKE APOPKA (LESS E 520 FT OF LOT 23)
Size (In Acres): 4.5
Road Access: Yes - Unpaved
Electricity: Yes

Improvements

Septic System
Well

Similar properties in the area are listed or have been recently sold for around $850,000.