$499,900
Description
Please note income and expenses have been revised as of 9/1/2022. Over 15% CAP RATE AT CURRENT RENTS. 50% down private financing now available. Rent roll and income & expense statement available. 11 unit mobile home park with 7 single wides and 4 double wides. Rents are under market value and can be increased in current condition. The Mobile Homes are older but always rent fast. Tenants mow their own lawns. it is currently owner managed. Water supply main was recently upgraded for good water pressure. Five septic systems serve clusters of homes and work fine. Park provides county water. it is currently owner managed. 5 day inspection period max. Escrow deposit is 5% minimum and must be paid within 24 hours of accepted offer. No Finance and/or Appraisal Contingencies. Do you due diligence before writing offer. Escrow Deposit is non refundable after inspection period. All leases are verbal and on month to month. What you see is what you get. Experienced Mobile Home Park owner/operators offers will be given priority. Do not disturb tenants. Rare opportunity! Submit your highest and best offer with terms as stated above.Property Highlights
- Acres: 2.46
- County: Polk
- Year Built: 1968
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Electric
- Property Type: Commercial, Multi Family
- MLS #: L4929944
Property Features
| Basement | Crawl Space |
| Cooling | Central Air, Wall/Window Unit(s) |
| Exterior Features | Lighting |
| Heating | Central, Electric |
| Interior Square Footage | 10,598 |
| Lot Size Acres | 2.46 |
| Lot Size Dimension | 82.5x200 |
| Lot Size Square Feet | 106,966 |
| Roof | Metal, Shingle |
| Sewer | Septic Tank |
| Water Source | Public |
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