[ASSIGNMENT PRICE REDUCTION + SELLER FINANCING] Assignment Available: Price Reduced and Seller Financing In Place for South Carolina Long-Term Stay RV Park

Hello,

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

PROPERTY DETAILS

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.

Best,

Gabe