Contact Information

Mobile Home Park Details

  • Price: $1,250,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1093980
  • Posted On: Jun 14, 2019
  • Updated On: Jun 14, 2019

Property Description

Rivercrest Mobile Home Park, a 14 pad community with new well systems, 2017 installed new septic systems make for an ultra low maintenance easy investment property. Tenants rent individual pads on lease and are responsible for all of their own maintenance. Storage on-site for extra income. Potential for additional storage build out on site with zoning County - MUD (Mixed Use Development). Over 3.5 acres makes this a great long term hold or development play. New construction homes blocks away!
Rivercrest Mobile Home Park, a 14 pad community with new well systems, 2017 installed new septic systems make for an ultra low maintenance easy investment property. Tenants rent individual pads on lease and are responsible for all of their own maintenance. Storage on-site for extra income. Potential for additional storage build out on site with zoning County - MUD (Mixed Use Development). Over 3.5 acres makes this a great long term hold or development play. New construction homes blocks away!

First American T/E. Please do not disturb tenants. 14 pads all rented. 2017 Septic System installed.Upgraded dual well system with all new infrastructure. Supplements contains all as-built and sketches. Double listed. Increase pad rents to market!

GPS Navigate using GPS to 5412 76th Ave E and it will take you to the property. Listing address for offer paperwork. Matches parcel number.

HIGHLIGHTS
County Zoning - MUD (Mixed Use Development) with options for use extending far beyond current use. Development opportunity! Cash flowing producing over $7,700/month of income from rents! Very low maintenance with no utility bills and all utilities paid for by the tenants.

FINANCIAL SUMMARY (ACTUAL - 2018)
ANNUAL
Gross Rental Income $92,400
Other Income $50
Vacancy Loss $0
Effective Gross Income $92,450
Taxes $9,192
Operating Expenses $15,196
Total Expenses $24,388
Net Operating Income $68,062

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