This is an incredible investment opportunity!
This MH park includes an unoccupied 2/2 mobile an occupied 2/2 mobile and an abandoned mobile home conversion. There are three rented lots with tenant owned units and a vacant lot that is not rented.
Currently the rents are considerably under market, the seller wishes for 6 month leases at current rates to be signed for the current tenants.
In conservative speculation, not including any potential income from the abandoned home this park could cash flow at $3,800 a month. That's $1,100 monthly per each park owned 2/2 and $400 monthly for each
lot.
This property could easily deliver a return well past the 1% rule.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $300,000 | $236 | Dwell Realty Group | |
Listed For Sale | $300,000 | $236 | Dwell Realty Group |