Turnkey St. Augustine Mobile Home

St. Augustine, FL 32084, FL, USA 0

$115,000 After Repair Value -
$80,000 Asking Price -
$0 Cost of Repairs =
$35,000 Potential Profit

Property Details

Asking Price $80,000

After Repair Value $115,000

Costs of Repairs $0

Potential Profit $35,000

Living Area 660 ft2

Property Type Mobile Home

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $1,000

Yearly Expenses $2,500

Property Taxes $900

Net Operating Income $8,600

Cap Rate 10.31%

Property Description

Here is a 1973 mobile home in the coveted St. Augustine area! This property has 2 bedrooms, 1 bathroom, and 660 square feet of living space. The property is tenant occupied with the tenant currently paying $700 on a month-to-month lease, which is below market rent. The mobile home was completely remodeled in 2017 and is in very good condition. It will need very little work to make it ready for market.It also works as a turnkey rental with no rehab needed and we recommend increasing the rent of the tenant currently in place or give a 30-day notice and place a tenant at market rent. Assignable contract. Licensed agent with EquityPro Jacksonville. Can be reached at - 9046496709


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