Equal Housing Group has negotiated an update to the terms on the long-term RV park previously sent out for assignment.
Due to the current economic climate the seller has agreed to REDUCE THE PRICE and SELLER FINANCE THE BALANCE on the South Carolina park.
SELLER FINANCED TERMS
Updated Price: $990,000 (incl assignment)
$250,000 down + $75,000 assignment fee
Seller to finance the remainder at 3.75% interest with a 15 year amortization period
Balloon payment due at the end of the 5 year period
Please visit our wholesale package here for further details regarding the original assignment.
WHOLESALE DOCUMENT LINK
MHP/RV Quick Facts
Sites : 50
Occupied Sites : 50
Water Supply : City
Sewer Supply : Septic
Avg. Tenant Stay: 2+ Years, 85% of tenants are long term / permanent
Asking Price : now $990,000 w/ $250,000 down & $75,000 assignment (was $1,050,000)
In-Place CAP Rate : now 10.12% (was 9.54%)
Upside CAP Rate : now 13.20% (was 12.51%)
If you are interested in the assignment, respond to this email or reach out to the contact information listed in the linked wholesale document.