Don't miss this opportunity! Mobile Home Parks are a very hot commodity right now. And at this price, this one won't last long. Currently 100% occupied, 19 lots rent for $150.00 per month ($2,850 total). Plus 3 park owned mobile homes that bring in an additional $1,235.00 per month. Total annual income is $49,020 minus 20% for expenses leaves you with basically a 10% CAP at list price. This is based on 22 lots total. But there's room to expand the park by an additional 13 lots very easily. All lots/mobile homes are separately billed by the city for utilities. You could also expand it even further with a little more work to get 44-48 lots total. Huge upside potential!!! Call your investors now. Because again, this one won't last long.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
