$3,325,000
$3,917,799
15.1%For more information regarding the value of a property, please contact us for a free consultation.
1,802 SqFt
SOLD DATE : 12/30/2020
Key Details
Sold Price $3,325,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,802 sqft
Price per Sqft $1,845
Subdivision Pinellas Groves
MLS Listing ID U8090840
Sold Date 12/30/20
HOA Y/N No
Year Built 1978
Annual Tax Amount $31,059
Lot Size 4.750 Acres
Acres 4.75
Lot Dimensions 332 x 674
Property Description
Great Investment Opportunity! Well established 71 Unit, all-age mobile home park. Sun Terrace is situated on almost 5-Acres and centrally located in Clearwater close to all major roads, airport, shopping, bus-lines, etc. Park includes 67 park owned mobile homes, a 1274 sq. ft block building with 2 apartments and a recreation room, a 216 sq. ft management office, a 312 sq. ft laundry building (not currently in service), a storage building, shuffleboard court, and a playground. All units have separate meters for water and electric. Sun Terrace is a well established community with a long history of low vacancies and consistent income. List price is 10% Cap Rate.
Do not enter the property without an appointment and do not approach or disturb tenants.
Location
State FL
County Pinellas
Community Pinellas Groves
Zoning R-6
Direction N
Interior
Cooling Wall/Window Unit(s)
Exterior
Parking Features 6 to 12 Spaces, Common, Other
Building
Lot Description City Limits
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Structure Type Block,Other
New Construction false
Others
Pets Allowed Cats OK
Ownership Corporation
Special Listing Condition None
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Bought with ABI ROAD REALTY LLC