Mobile Park with 41 total acres. 22 spaces occupied with only two park owned homes. This park has money that can be made other than increasing the rents. You could put meters on the existing lots that are currently rented for water and sewer to charge individually. That could make you $50 to $70 a month per pad. I just took 60 x 22 and that equals out to $1,320 more a month for cash flow. If you finished the other 12 pads that would give you another $4,200 monthly in rent and $720. in water and sewer, a month. It would give you $50,400 yearly in rent and in water and sewer it would be $720.00 more than the current rents that the park is now getting.
20 acres not currently used so plenty of room for expansion! Price is for the current rent at a 10 percent cap rate. the next 12 spaces could easily be useable with minimum work. Paved and gravel streets. Walking trails. Easy commute, adjacent to I-80 and near I-79. Seller is willing to give $10k toward closing costs. Take a look and let me know if you have any questions. Room for expansion 65 spaces have been approved in the plan. 34 spaces in phase 1 and 31 spaces in phase 2