$1,100,000
Five year projected ROI of 678k (233%) for investors with loans and almost 808k (83%) for those buying outright. Lots are well below market and water/sewer are not yet billed back. This 15 lot mobile home park, situated on 4.16 acres has recently been infilled with two brand new homes (3 bed, 2 full bath). One new home is park-owned and the remaining 14 homes are not park-owned, ensuring steady returns with minimal expenses. A comprehensive list of reliable vendors who service the park will be provided to ensure seamless management transition day one. Recent infrastructure and property repairs in the amount of 55k have been completed in preparation for the sale. There are recently installed UV water filters on all three wells. There are brand new pressure tanks, new risers and lids on two wells and a new pump on one well. Septic systems were recently pumped and inspected and everything is working properly. Foundations have been poured and infrastructure relocated to accommodate the infill of two new homes. A number of trees have been felled that were within reach of structures and that posed a potential risk. Don’t miss the opportunity to own this lucrative property with a substantial ROI. Grow your wealth by taking advantage of the overwhelming demand for afordable housing. More information including P&L, rentroll, pro forma, etc is available.
Fidler Ct, Pine Grove
Listing courtesy of Houwzer, LLC. Contact: 2677652080
