16209 Old Cheney Hwy., Orlando, FL 32833

16209 Old Cheney Hwy., Orlando, FL 32833
Photo 1 of 1
$50,000
Sold on 9/26/13
Beds Baths Sq. Ft. Taxes Built
2 1.00 960 $950 1973
On the market: 646 days
View full details, photos, school info, and price history
Priced to sell fast!!! Comparable sales make this investment property make lots of sense. Mobile home has a lovely, open interior. Approx 1.28 acres that stretches back into the commercial C-1 zone frontage of highway 50 (see picture 2). The mobile homewas over-improved 5 years ago and has been maintained by owner since as a rental property. Everything is in good working order. New back deck, A/C/heater unit, new washer and dryer room in back. New Huge kitchen with added counter space. Open living room. Walk in master closet. Lots of land to use! This property was used as a rental for the past 5 years and has been a real cash cow. Seller moved and wants to liquidate. Currently rented by reliable tennant for $700/month and a $1000 deposit. Invest nowin this already cash flowing property and get a secure a 12-14% net return AFTER property taxes and reserves! Then who knows what will happen in the next few years as commercial development continues east down the hwy 50 corridor! Seller will consider owner financing with $20-30k down, depending upon terms. Dont miss this!
Listing courtesy of Clay Wooten, MILLENNIUM HOMES REALTY