Overview
Constructed in 1972 and is situated on 8.24 acres of land. Owners
have recently removed 6 dilapidated park-owned homes from the
previous Owner, improved 4 lots for lease, and have recently installed new mailboxes. The Property is ideally serviced by public water and sewer, with direct metering for electricity to tenants.
There has been strong historical occupancy at the park with highdemand for residential housing in the area with limited supply. A poised investor would be able to purchase the Property and immediately increase occupancy and raise rents to generate higher cashflow.
Investment Highlights
- Upside potential by increasing rents to market rates and filling vacant spaces.
- Comprised of 61 Mobile home spaces, 59 tenant-owned with 2, newly renovated park-owned homes (included in the sale), and 3 vacant spaces needing utility hook-ups.
- Located in high-demand residential market with limited supply.
- Serviced by City water and sewer with direct metering for electricity to tenants.
- Recent improvements including removal of 6 dilapidated park-owned homes, site preparation for 7-spaces, and development of 4 additional spaces.
- Features two fully-renovated park-owned homes included in the sale, with estimated value of $80k+
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