This is a 30 Ac +/- well established, mobile home park with 58 lots. 17 homes are on lease/purchase. The park is 89% occupied. The 17 homes that are on lease/purchase are for 10 years, owner of the park holds the mortgage. The owner takes a down payment of $1500 for a 2 br and $2500 for a 3 br, payments being $450/mo for a 2 br and $550/mo for a 3 br, as of this listing. The lots rent for $175.00/mo each and the lot size is approximately .45 Ac. The park makes about $500 to $700 per mo off the water. All lots are on septic tanks. As of this listing, the owner spends about $1000/yr on septic tank and road upkeep. There is a maintenance man who is furnished a mobile home for his pay, and he mows the park lawns and does maintenance work. All owners keep up their lawns and are fined (and the maintenance man mows their lawns), if they do not keep up their lots. The maintenance man is willing to stay on, if needed. The park manager does not live on the property, but collects rents, pays bills, etc, is paid $500/mo and is willing to stay on, if needed. The CAP rate, as of this listing is approx 13.57%, but this may change, as the owner is finishing another mobile home for lease/purchase. When the owner updates a mobile home for lease/purchase, he puts in hardwood floors, vinyl siding and metal roofs. Income potential (without any future purchase of mobile homes for lease/purchase) would be renting the vacant lots, 9 potential @ $175/mo each with additional income of $18,900.yr.