Complete info: http://mobilehomepark.ePropertySites.com - THIS LAND IS BEING SOLD BY TERRILEE FITZ @ EQUITY REAL ESTATE *TENANTS UNAWARE OF SALE. Land Purchase Price $675,000 * All New Asphalt * Land already has income coming in. * Drive by first before Submitting offer. * Will look at all offers. * No deferred maintenance. * Great Condition. * 2 Water Shares. Current Owner is purchasing another 1/2 to 3/4 of an acre of land on September 17th 2012. This will increase the lot to about 2 acres. It will also increase the price to $695. Current owner would be willing to keep the trailers and continue to rent them himself if the new owners would lease the entire trailer park to him for $58,320 per year ( that's $270 per lot per month) for 5 years before they increase the rents. That way the new owners of the land wouldn't have to deal with the park but could just let the current owner continue managing / keeping up maintenance. 1) There are 18 lots currently rented with trailers on them. 18 X $270 = $4860 per month $4860 X 12 months = $58320 per year 2) The only expenses for the land owners are land taxes = $1960 per year 3) NOI > $ 58,320 - $1960 = $56360 4) Cap Rate> $56,360 divided by $675,000 = 8.3% That is not a bad investment for doing nothing but collect your money each month. If need assistance with lending info, contact Dennis Singleton with US Bank ( 801-440-0093 / dennis.singleton@usbank.com) to prequalify. Terrilee Fitz Associate Broker/GRI/CDPE/ARC/ABR Call/Email/TEXT, I'm only a click away No Hype, No Pressure, Just Results. Web www.sell4utah.com FOR MORE INFORMATION ON THIS PROPERTY GO TO http //mobilehomepark.epropertysites.com/ It also can be used for texting, TEXT "78899" to 79564, or TEXT "info 78899" to 79564, or TEXT "eProp 78899" to 79564
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.
