Offered at 14% cap rate (based on 2013 actuals) with very low maintenance! Quiet and clean park nestled among mature trees and located directly across the road from Lake Redfield. Most residents are set up on ACH auto billpay for the monthly rent payments. Connected to City Water and Sewer. The city directly bills residents for water/sewer and garbage. The city also maintains the streets and water meters. Gas, Electric and Cable provided by third parties direct to residents. Just finished a fresh chip seal coat on the asphalt streets. No park owned homes. 45 total lots with 25 occupied by longterm residents. Very easy park to own with opportunity to significantly increase income in new home Lease/Sale Program to fill vacant lots.
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