All Forum Posts by: Kelly Boulton

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Two Bed/ One Bath Cottage in Sumterville, Fl
Fast developing area, own before the prices skyrocket.
Almost an Acre of Land (.91)
Zoned Agricultural
Back 1/2 of property is partially cleared and fenced off. Build an additional Unit for guests or to rent.
Asking: $165,000

Click the link for additional details including address, video walk-thru, rehab needs, and investment strategies. Message me here or reach me at (407) 906-8348

This fixer sits on 1/2 acre in Southern Ocala, close to Highway 301, and has mixed use zoning with medium density, that would allow for placement of another MH, or building a Single Family.

3 beds / 2 baths (1-half)

Built 1973

Rental Income: $1300+ (double if you add another unit)

CLICK THE LINK FOR ADDITIONAL DETAILS (address, video walk thru, rehab needs)

Possible Investment Strategies

1. Remove current unit and replace with new MHs
2. Remove and construct SFH on double lot
3. Rehab current unit - Long term rental
4. Rehab and place additional unit, for multi-unit income

This is a contract for assignment. 

Do not approach seller without express permission from principal.

Deposit: $3,000 (non-refundable)

Close: May 15, 2024

Call or Text Kelly at 407-906-8348 for more information/to move forward!

Marion County

Fort McCoy, Fl

Two side-by-side parcels

Zoning: R4 (Manufactured Homes)

Sq Ft: 9,000 + 9,000 = 18,000 (.4 acres)

Parcel Dimensions: 80 x 100

**Confirmed with Marion County that these lots have the required frontage to build on separately.

• Electricity is available
• Septic/Well needed

Asking Price:

$30,000 for both

$16,000 each

These lots have the potential to build either separately or together.

Possible investment strategies:

• Develop and add to your long term rental portfolio

3/2 Manufactured Home rents for $1,400+

• Develop each lot separately and sell

Recent comps in the neighborhood are for double wide homes on similar-sized lots...

11122 NE 235th St - $168,500 - Sold

Year Built: 1992

Lot Size: .3 acres

11220 NE 234th Place - $176,000 - Active

Year Build: 2021

Lot Size: .9 acres

Contact me at (407)-906-8348 or [email protected] if you are interested or have any questions about the property. If you need a good septic, excavator, OR new/used manufactured home dealer that works in Marion County, I'd be happy to share my vendor contacts.

**THIS IS A CONTRACT FOR ASSIGNMENT

**$3,000 non-refundable deposit

**Closes on or before 03/01/2024

Hi Daniel!

Can you be more specific about your buy box?  Location, size, rehab, budget, etc.  I'd love to get you looking over some deals that are contenders for your goals.  Feel free to message me about it!

 To build on what David said, call a few local termite specialists to get a quote. Many times they will do a free inspection, which will allow you to get a more accurate number on costs. 

…not to mention this would help build relationships with local vendors

The packet for most counties should have everything you need to file.  It isn't a difficult process, it's just a little tedious.  If it is contested, you may need to appear for a hearing as far as I know.  

I personally think filing yourself is worth the cost savings, as opposed to hiring an attorney, but of course the answer may different for someone else that can't afford to leverage their time and energy.

Good luck!

Hi Ronnie. There are many options online that can help you calculate your ROI, but the formula is relatively simple:

Total Cost to Invest (purchase price + rehab + any holding costs + commissions and closing costs on both sides of the transaction)

Net Profit (sales price - total cost)

Formula: Net profit / Total Cost = ROI %

Also, not sure if you would like access to a spread sheet/calculator that can do this for you, but I have created my own.  If you're interested to know more, let's connect. Otherwise, hope this helps!

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

https://www.kellsellsfl.com/off-market/mobile-home-park

 We also use Equity Title, especially with transactions involving Mobile Homes!