Sale is for 2 parks owned by same seller. MH park is on north side of Lake Reedy and RV park on south side of Lk Reedy.Price Reduced from $900k to $769K for Fast Sale/Wants close 30days(9.6%CapRate! Clean/Little to No Deferred Maintenance Adult Parks!(2 Properties)36 total spaces/unit Lakefront MH/RV/Lk Hm Park:15 MH spaces lot rents 270/m & 1 CBS Home rents for $650/m,19 RV spaces at $190/m, Doublewide Park Owned trailer rents for $600/m. Upside: Rents are still low even after small increase, lot maintenance/mowing can be passed through /giving upside potential. Development Potential of platting/zoning into individual lake lots for even more value!
Amenities
Club House
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