Its a 9 lot park with 8 POH homes rented. Monthly income on this park is about $4200 a month and most tenants are longer term tenants. Average rent is $525 per unit. The park is on septic and city water. The seller pays the water bills and then backbills the tenants as each unit is metered . This is really a great cash flow opportunity on this one. This is a mom and pop operation and the seller is ready to retire. We are closing on this one either way but since its a little out of our area based on size we decided that we would be willing to assign our contract to the right buyer.
We have all the due diligence docs that we will share so please email or call us and we can discuss the property and give you more info.
We are also willing to stay on as partners if someone just wants to be a passive investor on it. We would be willing to pay 7% preferred and give 20% ownership in the property.
A nice place to live in a small quiet Park.