Listing courtesy of Plank Road Realty
Attention investors! This 27-unit property with potential for expansion is an incredible opportunity for someone looking to start or expand their real estate investment portfolio. This mobile home park contains seven units that are park-owned and twenty units that are lot rent only. Per the current owner, they county will allow up to 30 homes in the park, so three additional income-producing properties could be added. All homes have access to county water. It is currently 96% occupied with only one current vacancy (lot rent only). Projected monthly income when all properties are rented is $9380.00. Owner is responsible for road and septic maintenance as well as trash pickup. The neighborhood is currently contracting for weekly trash pickup costing approximately $420/month. An appraisal was conducted on the property in 2022 and valued at the current list price of $800,000. Seller financing negotiable.
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