Photo 1 of 1
$700,000
Sold on 7/12/19
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,978 |
1990 |
|
On the market:
29 days
|
View full details, photos, school info, and price history
(MOTIVATED SELLER) 2 new tenant owned units moving in July 1st! Effectually raising the CAP to 8.7! This is a low maintenance Cash cow! Look no further! You're looking at a 17 unit Mobile home park with many long term tenants sitting at an above average 7.3 CAP at asking! Not only does this property perform monthly, and continue to rake in Cash. You are looking at a value add opportunity to drive up the cash flow and value much farther! Currently there are 12 spaces filled with tenants. One home will be ready for tenants soon& 'four spaces are ready for homes and tenants, one needs electric hooked up and the final space just needs a pedestal and the hookups, then you are good to go! Property potential is up to a 10.65 CAP on pro-forma! What else do you need to know? Call immediately!
Listing courtesy of Better Homes & Gardens Real Estate SJ Fowler