Great real estate investment! 10 mobile homes all rented and owned by the Rivers Ridge Mobile Home Park! Park Infrastructure and all homes renovated in the past 11 years with new kitchens, baths and flooring! There are Five 3 bedroom and 2 bath homes, One 2 bedroom and 2 bath home and Four 2 bedroom and 1 bath homes. Eight homes have drywalled interiors. All mobile homes have private parking, yards and storage sheds. Propane gas for heating and central air. Plus a few mini-splits. Most homes 900 sq ft M/L except for the modular home which is 2100 sq ft plus a 2-car oversize heated and cooled garage. Also an extra detached 20 x 12 garage. Long term residents with just one turnover in the last year. There are two wells that supply the water to the park and the sewer is public. Gross Income - $119,580. Expenses - $28,026. Net Income - $91,554. Cap Rate .077 Additional details of Income & Expenses in associated documents. Seller will consider 50% owner financing or may hold a second mortgage for a qualified investor. Qualified Buyers Only!
Listing courtesy of RE/MAX Realty Associates. Contact:
Selling Office: .