Property Type:
Residential Income
Lot Size (sq. ft.):
26,136
Status:
Closed
Current Price:
$862,500
List Date:
9/06/2021
Last Modified:
1/13/2022
Overview
Description
Huge price reduction on 10-unit mobile home pk with owner financing! Units have been reconditioned and include 8 mobile homes, one 2200 sf 3 bdrm 2 ba home with 2 car garage, an additional 1 car garage for storage, and an efficiency. This property is a cash cow grossing machine producing more than $100,000 per year with 6.5% Cap. Many of the rents have not been raised in 3 yrs. At market rents this park will operate at 7.7% CAP rate. All homes have had extensive remodeling. Park models include 3 three bdrm 2 bath homes, 1 two bdrm 2 bath home, 5 two bdrm 1 bath homes, and one efficiency. All models including efficiency have washers and dryers and solid surface flooring. No carpet. All models are owned by park. 100% leased! Owner financing available with 25% down
Last Updated: January - 13 - 2022
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