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5445 NORALEE CIR #1 Sebring, FL 33872
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Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 332 sqft
Price per Sqft $1,957
Subdivision Dockside/Sunn Lakes
MLS Listing ID L4936121
Sold Date 06/02/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 1998
Annual Tax Amount $6,056
Lot Size 1.000 Acres
Acres 1.0
Property Description
Well maintained MH/RV Park in the heart of Sebring. Lots of upside potential in the AirBnB market. Between lot rents and a few owned units, the park manages to generate a 6.75% cap rate. Park consists of 4 MHs and 8 RVs. Fully booked during season and 80% occupancy yr round. ProForma brings over 10% Cap rate. Park has central water, 2 septic systems, strong WiFi, and Laundry room. Room for at least 2 more units. Don't delay, this one wont last!
OWNER FINANCING AVAILABLE with 50% down, 5 yr balloon with 15 yr amortization at 7%.
Location
State FL
County Highlands
Community Dockside/Sunn Lakes
Zoning M1S
Interior
Cooling Other
Building
Story 1
Foundation Other
Lot Size Range 1 to less than 2
Structure Type Metal Siding
New Construction false
Others
Ownership Partnership
Acceptable Financing Cash, Private Financing Available
Listing Terms Cash, Private Financing Available
Special Listing Condition None
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Bought with ADVANTAGE REALTY 1