Excellent investment opportunity. This listing includes two mobile home parks that have been well maintained and have great rental history. There are 33 homes and 3 additional lots available for future expansion. The tenants pay all of their own utilities including water! The owner will be surveying off a section of the property past the power line easement.
21 unit Mobile Home Park (14 Seller owns and 7 are privately owned) All but two units are rented for $350 per month, lots are rented for $175 per month) Income analysis is available upon request. Agents please have clients qualified prior to showings, some notice will be needed contact list agent for instructions. This park has been well established for many years and is a money maker, At full price the CAP Rate is at 15% so it is easily financed. Property comes with a huge storage building and some small rented storage units on the second level of the outbuilding. Most tenants are long term tenants.
Wonderful 6 Unit Apartment Complex for sale. These Townhouse Apartments are brick and siding, built in 1996 and are in excellent condition. All the apartments have 2 bedrooms and 2 1/2 baths, all appliances, nice decks on back, large eat-in kitchens, and carpet and vinyl flooring. Owner pays water bill but all other utilities paid by tenant. The property has an excellent rental history and generates good income. This is a great investment opportunity for investor.
Age: 11-20 Years Old
Appliances: Dishwasher, Garbage Disposer, Range - Electric, Refrigerator
TO BE SOLD AT AUCTION: SUBJECT TO OWNER CONFIRMATION - THURSDAY, SEPTEMBER 25th, 2014 AT 6:00 P.M. 7 apartments, 4 currently rented: 4 one bedroom, 3 two bedrooms. Barber shop space, and 2 vacant office spaces. A flower shop that has a refrigeration system included. Fitness center in basement, no equipment included.