* Investment * 5 mobile home units on 1 land parcel - Parcel on city water sewer and electric - no septic - 5 minutes to new St. Johns's County bridge - Units lease out - longterm leases - $650 rent - 15%+ cap rate - $3200 a month income - $39,000 Annual income - under new professional management - Rents to be raised - units touching up - Parcel may be sub-dividable upto 4 sfh's per county - Understand the Units are ''grandfathered-in'', non-conforming to city, units can not be replaced. Only improved 4ever. units rent indefinitely, units ok condition - Units Cant be replaced - Common to growth city - BUYER: Do diligence, make Cash Offer - or- Seller finance 20% down w/monthly above $2500. Invest in Land, location, water/sewer, growth, cashflow, subdivide, future.
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