5445 NORALEE CIR #1, Sebring, FL 33872 – L4936121

$650,000

Est. payment -/mo

$879,900

26.1%

Est.Price: ?

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332 SqFt

SOLD DATE : 06/02/2023

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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Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by ADVANTAGE REALTY 1
Bought with ADVANTAGE REALTY 1

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com