Mobile Home Park Details

  • Distressed: This property is in default, REO or in foreclosure.
  • Purchase Method: Cash, Seller Financing
  • Listing ID: 278903
  • Posted On: Sep 26, 2012
  • Updated On: Dec 7, 2014

Description

2.4 acres, 2 old mobile homes, 2 units approximately ten years old. This is a short sale with a private individual holding the note. The property owner is offering to submit the following terms to the lender: 10% down, 15 year amortization, 6% interest fixed. The p&i would be around $380. The owner has been an absentee owner and has limited knowledge of the property. There is room here to add more units, but we don't know how many. We recommend calling the Escambia County Alabama zoning authorities for more info on adding units. All four units are rented, the monthly gross is about $1000.

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