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Gelfand Realty Miami Properties - Manufactured Home

16005 EAST HWY 40, SILVER SPRINGS, FL 34488

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Manufactured Home - Comm Nonsub

16005 EAST HWY 40, SILVER SPRINGS, FL 34488

Date Sold 05-08-2008

Sold Price$1,915,000 Asking Price$2,050,000

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  • Days on market:

    58 day(s)

  • Original Price:

    $2,050,000

  • Tax Legal Description:

    Lenghty Legal in Listing Office

  • Tax Year:

    2018

  • Property Type:

    Manufactured Home

  • Furnished Info:

    Unfurnished

  • Construction Type:

    BlockConcrete

  • Roof:

    Metal

  • Cooling Description:

    Other

  • Heating Description:

    Other

  • Exterior Features:

    Fenced

  • Special Listing Conditions:

    None

Description

$2,050,000 • one full bathroom(s)

Class a storage facility; priced below current appraisal; 329 units of which 127 are new (comp. jan. 2007); manager's office (has been rented as retail); 235 units currently rented (see cash flow stmts); owner will lease back 57 units for 1 year with the number of lease back units decreasing monthly by 5 (historical net absorption); lease back monies escrowed at closing; occupancy was 100% prior to completion of new 127 unit add.; pro-forma available; property is in a great area for storage
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