Tenant and Park Owned Homes

• This property is comprised of a mix of tenant and park owned homes. The current owners have been able to keep maintenance costs low, while collecting park owned home rent for an improved NOI.

Infill Opportunity

• This property consists of 14 total lots, 6 of which are occupied. A new owner would have the ability to bring in 8 new homes at $300/month in lot rent, which would increase the gross income by $2,400/month or $28,800 annually.

Direct Bill Utilities

• All utilities are directly billed to the tenants (water/sewer, trash, electric, and gas). The owners do not have to submeter any utilities and are not responsible costs associated with utility usage.

• The current owners are responsible for a $75/month ($25 per vacant unit) for the meter hook-ups to each vacant unit on the property. This is a cost that would be taken off the expense report after homes are occupied.

City Maintained Roads

• The roads surrounding the park are all maintained by the city. The current owners do not have to pay for road repairs or snow removal for the property.

On-Site Management

• The current tenant in Lot 2 serves as the park manager in exchange for a $300/month rent credit.

Vacant Park Owned Homes

• There are 3 vacant homes on the park that either need to be rehabilitated prior to renting to a new tenant or removed from the park. Those homes are located in lots 8, 9, and 12. See the lot outline map for their locations.