Hi All,
I am selling one of my smaller parks with great infrastructure in a high demand market. See below for summary.
This is a stabilized, turnkey deal with upside. Great for a first time buyer or someone with parks nearby.
- $475 lot rents includes water and sewer
- Average LTO payment ~$200-250
- All homes are on LTO contracts and recently rehabbed and refurbished
- SFH rents for $550 a month (long time tenants)
- All city water and sewer with recently upgraded PVC pipes
- Trash is direct billed
- City maintained streets
- low operating cost
- All tenants pay online and are current
Occupancy:
- 10 pads occupied on contract sale homes.
- 1 SFH occupied and rented to very long time renters
- 2 Vacant POHs to be rehabbed (upside)
Asking: $515,000 (8 cap based on lot rent only) + $50,000 ($5000 per home on contract) = $565,000
Serious interest only- please email Charlie@RockStackCapital.com