Specializing in Investment Real Estate and Commercial properties including mobile home parks and apartment buildings mostly in Florida.
Cooper Lake
904-347-4161
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Cooper Lake is a family-friendly Community comprised of 79 large, shady sites of lakeside living. It is conveniently located 25 miles East of Gainesville, 12 miles West of Palatka and 40 miles from historic St. Augustine and the beautiful Atlantic Coast.
| Cooper Lake is a family-friendly
Community comprised of 79 large, shady sites of lakeside living. It
is conveniently located on SR 20, 25 miles East of Gainesville, 12
miles West of Palatka and 40 miles from historic St. Augustine and
the beautiful Atlantic Coast. Due to an absentee owner, the park has
been under-managed . With proper management and some capital infusion,
income will DRAMATICALLY and RAPIDLY increase. This is in a high rental
demand area Owner will finance Bring All Offers! ATTENTION: If you
re looking for income now and desire future development potential,
this is the Park for you. In the path of progress, Cooper Lake s perfect
site makes it the natural location for the first multi-family or single-family
housing development in the area. State Road 20 is in the process of
being widened to four lanes with property values already beginning
to increase in anticipation of increased traffic flow and ease of
access to neighboring towns.
DO NOT MAKE CONTACT WITH ANYONE IN THE PARK! Owner will finance Bring All Offers! CL 12.06- acres on Cooper Lake. 39 Mobile Home Sites and 40 RV Sites. Includes 38,250 S.F. (.87 Acre) of COMMERCIAL-ZONED property on State Road 20. Develop mini-storage units, convenience store, etc. or continue to rent as outdoor storage space. The price includes 43 park-owned homes State Road 20 Concrete Block Office the Office, Laundry Room and Mail Room. Remodeled Laundry Room has 3 new coin washers and dryers. Three large work shops provide ample storage for equipment, tools and supplies. Twenty-six vacant sites available to rent or fill with additional park-owned units. Includes equipment and tools to maintain units and grounds. Experienced and extremely capable management team onsite. Two wells with private septic system. Tenants pay their own electricity and propane. A comprehensive library of community rules, rental agreements, forms and notices created for Cooper Lake aid in its smooth operation. Cooper Lake utilizes Rent Right Property Management Software which tracks income, expenses and provides a multitude of convenient reports. Owner financing with $500,000. Down Proposed
first mortgage from Seller $547,000 first at 7% EXCELLENT UPSIDE POTENTIAL |
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Price $1,599,000
Actual Effective Gross Income and increasing monthly… $208,166.
Operating Expenses $73,465
Net Operating Income $134,701
Cap Rate 9.00
Occupancy 62%
Price Per Site $18,975
Proforma Net Operating $237,000.
Due to the high demand for units, vacancies are immediately filled, with a waiting list for upcoming rental vacancies. Just bring in the homes and fil the park. Twenty-six vacant sites available to rent or fill with additional park-owned units.
David Ritchie- RealtorŪ 12058 San Jose Blvd. Jacksonville, FL 32223
904-347-4161
email David Ritchie for inquiries or questions
I believe this information to be true Please verify for yourself