Live For Free! and or get your investor hat on! 3 properties for the price of one on 2 parcels 100'x135'! Under-market rent and still a Cash Cow! Long term tenants in the (1) 3/2 bath mobile home build over=$900 p/m (2) 2/1 single wide mobile=$800 p/m and (3) efficiency apartment=$600 p/m. Current annual income is $27,600, current expenses including utilities, insurance, taxes and maintenance $8550. Net under market income is $19,036. Owner pays utilities for the 2/1 and eff unit, because of 1 meter. 3/2 is on its own meter. Amazing investment opportunity, Under market cap rate is 9%. Fair market rent cap rate could be 11%. Single wide mobile and efficiency are not reflected on the square foot of listing information. All measurements are not exact and most be verified. Seller will consider owner financing by holding small mortgage note.Seller is listing agents relative.Call for appointment.
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