5118 Us Hwy 17, Lake Wales, FL 33853

ADDITIONAL PHOTOS WILL BE LOADED BY THURSDAY. LOCATION! LOCATION! TWO WATERFRONT PARCELS ON LAKE MABEL VERY WELL KEPT, HAS EXCELLENT INCOME. MONTHLY RENTS HAVE BEEN INCREASED BUT IS STILL CONSIDERED LOW. MONTHLY INCOME IS CURRENTLY 11,700. A MONTH. SHOWS A 10.2%CAP PLUS ANOTHER 400-600 FROM LAUNDRY FAUCILITY THIS IS NOT FIGURED IN WITH INCOME. 2016 INCOME WAS 138,300 P&L IS ATTACHED (LOWER RENTS LAST YEAR DUE TO OWNER IN ONE OF THE UNITS). ALWAYS FULL VERY LOW VACANCY RATIO. EXTRA LAND FOR POSSIBILE EXPANSION FOR MORE INCOME. (ZONING FOR ADDITIONAL PARCEL IS CURRENTLY RESIDENTIAL),NICE QUIET AND EXCELLENT REPUTATION. SOME TENANTS HAVE LIVED THERE FOR SEVERAL YEARS. THREE STORAGE SHEDS, LOCATED APPROMIATELY 45 MINUES FROM DISNEY WORLD, 15 MINUTES TO LEGOLAND. SURVEY IS AVAILABLE FOR BOTH PARCELS. THE ADDITIONAL PARCEL IS 2 ACRES 27 29 11 000000 044030. THERE'S A WOOD FRAME BUILDING ON THAT PARCEL. ALL INTERIOR UNITS SHOW EXTREMELY WELL. A TOTAL OF 7 ACRES +/- ELECTRIC, WATER,CABLE IS INCLUDED. PROPERTY CONSIST OF (7) CONCRETE ONE BEDROOM COTTAGES, (1) TWO BEDROOM PARK MODEL, (2)MOBILE HOMES CONVERTED INTO DUPLEX MAKING 4 UNITS, (2) RV THAT ARE PARK OWNED, (1) FRAME HOUSE MAKES UP 4 UNITS. ROOM TO POSSIBILY EXPAND. 18 TOTAL UNITS. ON SITE MANAGER IS WILLING TO STAY. PRICED TO SELL QUICK SO OWNER/REALTOR CAN RELOCATE