Small Mobile Home Park with a four Plex.Park has one Mobile home with hookups for three more. Total of four. Eclectic, gas and sewer in. Space rent is $175.00 per lot per month. Four Plex needs rehab. Main building very sound. Nice roof etc. Needs wiring, pluming etc. You will end up with three studios and a one bedroom. Rehab estimate is 40-50K. Rents on studios will bring in $300.00 to $325.00 per unit and one bedroom will bring in $350.00.There is room in center of building for a coin opp laundry, which will bring in more income.Zoning is Commercial Urban. There is five lots total (15,600 sq ft total). Cape rate will be between 16-18%. Great return on your investment. Renting in town is never a problem. Always more renters than places to rent. I been a landlord in town for some years and know the market.
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