This offering is a 100% Occupied – 100% Turn-Key MHP that includes:
-9 MH Spaces/1RV Space
-9 MH Units
-1200 SF Single Family Home
-Property Management (Lives Rent Free Unit 2)
-Year Built: 1983 Renovated: 2022
-.78-acres
-Zoning PD
Current Financial Information:
-Gross Revenue: $162,600
-NOI: $134,328
Prior owner has added upgrades that include:
-New septic drain fields
-New water tank with a filtration system for the well
-New power lines and power poles that are metered separately for
the entire park
-New fence surrounding the property
-New gravel road throughout
-Fully renovated MH Units
The new owner is simply purchasing significant cash flow!
Asking Price: $1.5M OBO
Financing: Financing is available through Vanderbilt Mortgage & Finance, the lender currently providing the note/mortgage for this property. Rate & terms are TBD, but may offer 25%-35% down payment.
