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1315 S 5TH St

Fernandina Beach, FL 32034
  • $650,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 1144174
UPDATED: 121 min ago
$650,000
  • 14
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,525
    SQFT
  • $144
    $/SQFT
Neighborhood:
Type:
Manufactured Home
Built:
1980
County:

School Ratings & Info

Description

Performing existing mobile home park in highly desirable Fernandina Beach/Amelia Island Florida with County approval for continuous use as a Mobile Home Park. Underutilized with 4 vacant lots ready for 4 additional income producing mobile homes. On municipal water with availability of municipal sewer. Fully occupied at 9% CAP. Extraordinary opportunity for cash flow. Revitalize for increased returns or redevelop with all new mobile homes to maximize rents. Options and opportunities abound with this unique property. DO NOT DISTURB TENANTS

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© 2022 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Keller Williams Realty Atlantic Partners are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2022-01-29T00:25:39.97.

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1315 S 5TH St Fernandina Beach, FL 32034

  • Price: $650,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 121 min ago
  • MLS #: 1144174
14
Beds
8
Baths
0
½ Baths
N/A
Acres
4,525
SQFT
$144
$/SQFT
1980
Built
Neighborhood:
Fernandina Beach
County:
Nassau
Area:
40-Nassau County
Property Description
Performing existing mobile home park in highly desirable Fernandina Beach/Amelia Island Florida with County approval for continuous use as a Mobile Home Park. Underutilized with 4 vacant lots ready for 4 additional income producing mobile homes. On municipal water with availability of municipal sewer. Fully occupied at 9% CAP. Extraordinary opportunity for cash flow. Revitalize for increased returns or redevelop with all new mobile homes to maximize rents. Options and opportunities abound with this unique property. DO NOT DISTURB TENANTS
Exterior Features

Building Stories 1 Story Lot Description Regular Lot Navigable To Ocean YN No Pool No Pool Road Frontage City Street Road Surface Rough Graded Waterfront YN No

Interior Features

Cooling Window/Wall Unit Heating Window/Wall Unit Rental Includes Range/OvenRefrigerator

Property Features

Annual Insurance Exp 500.00 Annual Mgmt Fee 3000.00 Annual Operating Exp 3000.00 Annual Property Tax 2373.00 Annual Rent 69000.00 Annual Utilities 4584.00 Buildings 4+ Buildings Country Usa Current Zoning Mhp Documents On File Photos On FileSurvey On File Exist Rental Income 69000.00 Historic Area No Land Use Code Rm High Density Legal Name Of Subdiv Fernandina Beach Lot Size 400X100 Multifamily Type Mobile Home Park Occupancy At Closing Occupancy Rate 100.00 One Bdrm Rentals Over $600/Month Possible Financing 1031 ExchangeCash Present Common Exp ElectricWater Present Rental Terms Month To Month Present Tenant Exp All ElectricSecurity Deposit Square Foot Source Tax Roll Svcs Incl In Rent ElectricSewerWater Three Bedroom Rental $801 To $1000/Month Two Bedroom Rentals $701 To $800/Month$801 To $1000/Month Unit Info Total Units 7 Units 5 - 10 Units Utilities Sewer - PrivateSewer - Septic SysWater - Public

Listing courtesy of 3M REALTY GROUP LLC.


© 2022 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Keller Williams Realty Atlantic Partners are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2022-01-29T00:25:39.97.

Digital Millennium Copyright Act
 
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Keller Williams Realty Atlantic Partners
100 Southpark Blvd., Suite 201
St. Augustine FL, 32086