Investment Opportunity: Mobile Home Park in a Great Location! This mobile home park is a fantastic investment opportunity with 9 single-wide units, all fully rented. Located on 1.2 acres right across from St. Augustine High School and First Coast Technical College, this property is in a prime spot that attracts reliable tenants. Three of the units have long-term tenants who have lived there for over 10 years, ensuring a steady income. All units are currently rented below market rates, meaning there's room to increase rents and boost revenue. Each unit has its own electric meter, and they all share city water and a septic system, making it convenient for everyone. With its full occupancy and great location, this mobile home park is an excellent chance for investors looking to make a smart purchase. Don't miss out on this valuable asset in St. Augustine.
405 DEL MONTE Drive, Saint Augustine, FL, 32084
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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