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7739 Watson Street, Inverness, FL 34452
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  • MLS#: 839719 ( ResidentialIncome )
  • Street Address: 7739 Watson Street
  • Viewed: 65
  • Price: $525,000
  • Price sqft: $750
  • Waterfront: No
  • Year Built: 1980
  • Bldg sqft: 700
  • Days On Market: 169
Description
Watson Mobile Home Park Fully Occupied Investment Opportunity. Located in Inverness Florida recently named #3 in USA today as a charming town in the South. This income producing property boasts a solid approximate 7.5% cap rate and includes a block home plus 12 mobile homes, all currently rented. Each mobile received a new metal roof in 2024, and the septic systems are regularly maintained. Reliable, long term tenants are already in place. The owner is seeking the highest and best cash offer. Please note: Existing units cannot be removed or replaced with newer models. The new owner can keep the exisitng residences and maintain as needed. The county will allow for the development of condos or duplexes, and impact fees may potentially be waivedoffering added value for future redevelopment.
Description
Watson Mobile Home Park Fully Occupied Investment Opportunity. Located in Inverness Florida recently named #3 in USA today as a charming town in the South. This income producing property boasts a solid approximate 7.5% cap rate and includes a block home plus 12 mobile homes, all currently rented. Each mobile received a new metal roof in 2024, and the septic systems are regularly maintained. Reliable, long term tenants are already in place. The owner is seeking the highest and best cash offer. Please note: Existing units cannot be removed or replaced with newer models. The new owner can keep the exisitng residences and maintain as needed. The county will allow for the development of condos or duplexes, and impact fees may potentially be waivedoffering added value for future redevelopment.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: UnpavedDriveway
  • Flooring: Tile
  • Living Area: 700.00
  • Roof: Metal
Land Information
  • Lot Features: Acreage, IrregularLot, MultipleLots
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Driveway, SharedDriveway, Unpaved
Eco-Communities
  • Pool Features: None
  • Water Source: Well
Utilities
  • Carport Spaces: 0.00
  • Road Frontage Type: PrivateRoad
  • Sewer: SepticTank
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Legal Description: THAT CERT PCL IN SE 1/4 OF NE 1/4 SEC 33 TOWN 19S RNG 20E, MORE PART DESC AS FOLLOWS:START GOVT MRKR SW COR SE 1/4 OF NE 1/4 SEC 33; THN E 523.92
  • Levels: One
  • Area Major: 06
  • Occupant Type: Tenant
  • Parcel Number: 1842611
  • Possession: ClosePlus30Days, ClosePlus60To90Days
  • Style: OneStory
  • The Range: 0.00
  • Views: 65
  • Zoning Code: MDRP