Description
What a great investment opportunity! This mobile home park has 12 mobile homes already set and 11 of them are occupied. Two trailers could be removed which opens up three open spots for new trailers and more revenue!This is priced well under market value. Owner recently remodeled three of the units and installed a new well pump.Most of the rents are under market which gives you lots of room for value add. Owner indicated Gross income is $80,000 / year; NOI of $65,000. With a 10% cap rate, this property could be valued between $600,000-,650,000. Buy it now and have instant equity! Owner/Broker/Realtor
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0BEDS
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6ACRES
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0BATHS
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01/2 BATHS
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12,684SQFT
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$39$/SQFT
School Ratings & Info
Description
What a great investment opportunity! This mobile home park has 12 mobile homes already set and 11 of them are occupied. Two trailers could be removed which opens up three open spots for new trailers and more revenue!This is priced well under market value. Owner recently remodeled three of the units and installed a new well pump.Most of the rents are under market which gives you lots of room for value add. Owner indicated Gross income is $80,000 / year; NOI of $65,000. With a 10% cap rate, this property could be valued between $600,000-,650,000. Buy it now and have instant equity! Owner/Broker/Realtor
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