Photo 1 of 1
$300,000
Sold on 5/24/19
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
5,764 |
$2,585 |
1977 |
|
On the market:
280 days
|
View full details, 15 photos, school info, and price history
Instant income, turn key 2 acre "Sunset Lake" Mobile Home Park with 6 units. Current CAP rate of 10 with only 5 rented, 6th is is undergoing renovation. CAP goes to 12.6 once a tenant is obtained, and over 13.5 with projected 2019 rent and expense increases. Long term tenants, 2 are Sec 8. Realistic potential for growth by adding more mobile units.
Listing courtesy of Brian Pfister, RE/MAX SUNSET REALTY
