Land: 28 acres
Sites: 57 total â€“ 56 homes, 1 office trailer,
Water & Sewer: municipal public
Homes owned by park (lot and home rental): 52
Lot rentals (lot only): 4
Great opportunity to take over this investment for only $250,000 cash down payment and owner holds the mortgage at 4% with no balloon. This is a 2 part installment sale purchase with all upside. Total price is $2million with part 1 being initial purchase of all structures for $1 million with $250,000 cash down and part 2 being the purchase of ground for $1 million at the end of 5 years. See attachment for full details.OR $500,000 cash down for complete purchase at total price of $2,000,000 with owner financing for up to 20 years with 10 year balloon.
All homes have shingle roofs and vinyl siding including homes on lot rentals. All park owned homes are 2000 or newer. Facility is totally maintained and managed. Continued office, management and maintenance staff is not a requirement to new owner. All sites have storage sheds, parking pads, and skirting. 50% Gas leasing rights available at an additional price of $250,000. Gas rights not a requirement of sale and can be excluded. Estimated additional income from gas rights $5000/month. Royalties are estimated to commence within 12 months. Rents are currently in process of being increased as leases expire. Currently renting to gas drilling employees at up to $1000/month per home. Income will increase substantially from current annual income by year end.
All utilities are underground and each lot has its own lateral for municipal water and sewer and all laterals are connected. Each lot pays its own water bill. Each lot is a legimate sized building lot for township requlations if someone wanted to apply for subdivision and build homes for resale or rental.
EXPANSION: Adjoining acreage available for sale to expand park to over double its current size.