10.5 Acres of Beautiful Developable Land in Plant City

  • House
    1508 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $180,000
    Status : Sold
    Year Built : 2001
 Description
McLin Dr Plant City FL 33565

$180k

3/2 1508 sqft 
Manufactured home 
ARV $340k

Rehab est $20k+/- depending if demo is done or current home is repaired

Rehab needed if keeping home: hvac, roof/drywall/flooring in trailer. 
Otherwise, demo home and use land to build new properties, sits on 10.5 acres 

Seller will be removing most of the clutter/trailers/sheds
Sheet Metal Warehouse fully wired w/ compressor & welding (will stay)
New well/pump/lift - 200gallon, 5 horse pump w/ lifetime warranty
underground irrigation runs through field
Land has 2 approved burn spots for development. 

Call/email today to schedule a walk through!!
 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
10.5 Acres of Beautiful Developable Land in Plant City Sold
$180,000
Property ID: FL190639130
Address: Login to View
City: Plant City
State/Province: FL
Zip Code: 33565
Country: USA


Flip Analysis

+ Purchase Price: $180,000
+ Purchase Closing Cost: $5,400
+ Rehab Cost: $40,000
Total Acquisition Cost: $225,400


+ Selling closing cost: $10,200
+ Agent Commision : $10,200
Total Holding Cost: $20,400


Total Flip Cost: $245,800
Projected ARV: $340,000
Net Income (Profit): $94,200
CAP Rate: 38.32%

 Message

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