Take this mobile home and make it your rental !
This house was renovated 7 years ago,
and kept in good condition.
With some minor repairs you’ll
turn this in to $ 750 Cash Flow rental !
BONUS to buying this house,
you get the proximate Vacant Land !
It’s a corner lot, 0.15 acres, clean & ready to built.
Most of the comps are selling in the 30’s in a BAD condition.
One comp with the same size, room count, and year build,
sold for CASH $ 55,000. We assume that you can sell it Seller Finance at $70,000.
Subject – / 2 bed / 1.5 bath / 672 sqrft / year 1983
12055 Panama Ave – CASH $55,000 / 2 bed / 1.5 bath / 728 sqrft / year 1983
Smaller land sold for 13K. 3 smaller lands sold for wholesale price of over 10K each. These lands sold with trees on it. Subject is corner lot, it’s clear and ready to built. Value estimate at least 10K wholesale price.
Subject – / 0.196 acres
9910 Lake Dr – $13,000 / 0.176 acres
3 lost (between Marley Av – Carday St) – $ 30,800 / 3 X 0.176 acres
bed: 2 bath: 1.5
sqrft: 672 year: 1983
type: mobile home
AC: wall unit WH: 7
roof: 7 y/o
Occupancy: buyer can choose if to keep the current tenant at $500 MTM. or having him leaving at closing .