This income-producing property in Sanford consists of four manufactured homes, each with an electric meter and all units connected to a well. Currently, three of the four units are rented below market for $1,200 per month and the fourth unit is vacant and will need to be renovated. Furthermore, there are (3) two-bedroom two bathrooms units, and (1) three-bedroom and two bathroom unit.
We estimate a monthly proforma income of $5,500 with increasing rents. In addition, all the manufactured homes are owned by the seller along with the land, and there are no HOA or community restrictions. This multi-home package is ready to be fully occupied for years to come. We recommend making any needed repairs to the property in order to gain maximum value as rents in the area are increasing! Please contact us for more information.