Description
Great investment property! A 10 pad mobile home park w/ 10 park owned homes and 1 apartment. The additional 2 vacant lots can be subdivided/sold w/ TMS numbers. All pads have homes, & are rented. The park has gravel roads, city water/sewer, & no common electric requirements. The park is 1.45 acres & the 2 other lots are .48 acres, & .87 acres. All homes are park owned, & pay lot rent & home rent. This a safe investment for cash flow & forced appreciation. Market research shows limited available rentals in the price range. What makes this park attractive is the city sewer & water, making expenses low & more attractive for bank financing. The park has been well maintained, & is in good shape. The 2 parcels of land could be sold. Market analysis shows they are worth $20K-$30K each.
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9BEDS
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2.87ACRES
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9BATHS
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01/2 BATHS
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1,000SQFT
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$570$/SQFT
School Ratings & Info
Description
Great investment property! A 10 pad mobile home park w/ 10 park owned homes and 1 apartment. The additional 2 vacant lots can be subdivided/sold w/ TMS numbers. All pads have homes, & are rented. The park has gravel roads, city water/sewer, & no common electric requirements. The park is 1.45 acres & the 2 other lots are .48 acres, & .87 acres. All homes are park owned, & pay lot rent & home rent. This a safe investment for cash flow & forced appreciation. Market research shows limited available rentals in the price range. What makes this park attractive is the city sewer & water, making expenses low & more attractive for bank financing. The park has been well maintained, & is in good shape. The 2 parcels of land could be sold. Market analysis shows they are worth $20K-$30K each.
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Data last updated: 2025-03-26T12:12:48.4.