7616 TOWNSEND Road
About This Property
This versatile property is ideal for homeowners or savvy investors seeking income opportunities. Situated on a fenced 130' x 210' lot, this property offers a well-maintained 3-bedroom, 2-bath mobile home permanently attached to the ground, a 20 X 20 garage with studio potential, and two 120-volt RV hookups with water connections.
The spacious 1863 mobile home built in 1998 includes a welcoming front porch, a 2017-installed roof, and a 2021 HVAC system. Garage/Studio is equipped with an electric subpanel and water hookups, ready for use as a garage, shop or conversion to a studio apartment. RV hookups include two 120-volt RV connections with water access, ideal for travelers or tenants.
The lot includes a large, paved parking area with a power gate for added convenience and security. The 35-ft Forest River Wildwood Platinum RV is available for purchase separately and includes a 700-gallon portable above-ground septic tank. The RV is occupied, please do not disturb.
This pet friendly property is entirely fenced and includes a separately fenced pen and doghouse.
This property is a dream for income-focused buyers with opportunities from the mobile home, garage/studio apartment, and RV hookups. Buyers are encouraged to perform their due diligence to explore all possibilities.
The Seller requests a 2-3-month lease-back on the mobile home following the sale.
Don't miss this opportunity to own a property packed with potential and charm! Whether you're seeking a unique residence or an income-generating investment, this property is ready to meet your needs.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017