Updated over 1 year ago on .
10 min from The Villages - 1.9 acres with 5 MHs - Seller Finance - Instant Cashflow
Almost 2 acres in the middle of the Moreland Park Neighborhood of Wildwood.
Currently there are 5 old mobile homes on 3 parcels with month-to-month agreements.
- Uninhabitable/Removal
- Pays Lot Rent, Mobile Home owned by tenant
- Pays Lot Rent, Mobile Home owned by tenant
- Pays Lot Rent, Mobile Home owned by tenant
- Lease w/ home to convey
Total monthly income is currently $2,050.
Sumter County has approved for annexation of this subdivision to the Village of Wildwood.
- Current and Future Land use would likely remain R2M/R24
- Zoning allows for dividing these parcels into 12 lots.
- Best use, and avoidance of septic-to-sewer transfer would be to replat to SIX lots
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-$140k per unit.
Seller Finance Terms
Sales Price: $275,000
Cost to Close: $55k (down payment, fees, closing costs)
Interest Rate: 6%
Monthly Pmt: $1,540.33
Balloon: 3 years
Offering
Orlando, Florida