$212,800 MLS# 202005270 and 202005271
J and I Mobile Home Park has 11 spaces with only one vacant. Tenants are on a month to month basis – a majority have lived there 20+ years. Rents are $210 per space and has not been raised for many years. Great upside potential. As is, at this price, cap rate is approximately 9%. Property offers separate meters for each pad and is connected to city water and city sewer.
About the Property • 1.4 Acres • Mobile Home Park • 11 Spaces • Utility Hookups to All Pads • All City Utilities to Pads Facts and Figures • 9% +/- CAP Rate • 8 Pads Rented Currently • Long Time Tenants
