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Gelfand Realty Miami Properties - Multi Family

5860 150TH N #100, CLEARWATER, FL 33760

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Multi Family - PINELLAS GROVES

5860 150TH N #100, CLEARWATER, FL 33760

Sold Price$3,325,000 Asking Price$3,917,799

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  • Days on market:

    46 day(s)
  • Original Price:

    $3,917,799
  • Price per sqft:

    $2174.14
  • Tax Legal Description:

    PINELLAS GROVES NE 1/4, SEC 05-30-16 W 1/2 OF LOT 1 LESS W 80FT OF N 250FT THEREOF & LESS THAT PART WITHIN 33FT OF N SEC LINE FOR RD R/W
  • Tax Year:

    2018
  • Property Type:

    Multi Family
  • Parking:

    Common Other6 to 12 Spaces
  • Construction Type:

    OtherBlock
  • Cooling Description:

    Wall/Window Unit(s)
  • Special Listing Conditions:

    None
  • Lot Features:

    City Lot

Description

$3,917,799 • living size area 1802 sqft

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.

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