Lakefront Residential/ Multi-Family Development Opportunity, Pasco County

14402-14433 Bella Bella Lane Odessa, FL 33556

14402-14433 Bella Bella Lane, Odessa, FL, 33556
14402-14433 Bella Bella Lane, Odessa, FL, 33556 14402-14433 Bella Bella Lane, Odessa, FL, 33556 14402-14433 Bella Bella Lane, Odessa, FL, 33556 14402-14433 Bella Bella Lane, Odessa, FL, 33556 14402-14433 Bella Bella Lane, Odessa, FL, 33556 14402-14433 Bella Bella Lane, Odessa, FL, 33556 14402-14433 Bella Bella Lane, Odessa, FL, 33556
FOR SALE
Property Type:
Mobile home
Amount:
$925,000
Last Verified:
Jan 06, 2021

Highlights

  • Potential to be an Excellent Income Producer! Upside for Investor- 7.24% Cap Rate!
  • Property’s Price has been Reduced for a Quick Close…
  • Park may be Converted to a 55+ Community Mobile Home Park
  • Park may be Split and Redeveloped
  • 5.3 miles from the intersection of Little Road and SR 54
  • Suncoast Parkway and 1-75 in close proximity on SR 54
  • Pasco County is Becoming one of the Most Sought after Areas within the Tri- County region to Live/Work
  • Seller Motivated… Bring ALL Offers

Description

Charming Re-development land site in the heart of Odessa, FL just off State Road 54 and Black Lake Road. Mobile home park is being Sold as is and consists of 7 Mobile Homes, 4 Houses, and a lot Directly on Lake Minneola. There is room to add another Mobile Home Unit as Septic, Electric and Water are already in place. Park is rectangular in shape with 2 entrances and sits on a total of 3.41 acres. All of the Mobile Homes and 3 of the houses have been renovated. This is an Investor’s dream! Located just off Chesapeake Drive; Property has a Great Country Feel with I-75 Interchange, Suncoast Parkway and Gunn Highway Convenience- just 15 Minutes Away in either direction. Arrive in Tampa within 25-35 minutes. Great Place to Relocate and live, have a Vacation home or call Your Winter Home!!! Limitless Potential!

This Property yields a 7.24% Cap rate with the potential to increase even further.

*** Note: Sellers are motivated and all reasonable offers will be considered!!

Located just off State Road 54 and directly on ski Lake Minneola in Odessa Florida.

Building Size: 3sq ft
Lot Size: 3.14 acres

Map of 14402-14433 Bella Bella Lane, Odessa, FL, 33556

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.