Description
Small 5 unit Mobile Home Park available for sale. This is a great rental property waiting to be cleaned and rented. Sitting on .67 acres in a great area sits 5 lots with their own septic, well, and electric pole with meter. 4 mobile homes with 1 vacant lot. All 4 mobile homes are single wide homes. 3 of the mobile homes are 3 bedroom 1.5 bathrooms. Each of the units inside needs repairs to get rent ready. There currently is 1 renter who has been living on the property for 17 years pays rent and will vacate or continue renting. RENTERS ARE IN HIGH DEMAND FOR THIS AREA!!! Similar units market rent for the area is between $900 to $1,000 per month. We have been in contact with Polk County Housing Authority and they have a waiting list of ones who are ready to get into a place asap, With the high demand for rentals in Polk county and limited affordable housing made available this is a charm of an investment. According to the U.S. Department of Housing and Urban Development, 2021 Fair Market Rents states The HUD Fair Market Rent for a 2 bedroom is $1,056 a month for a 2 bedroom and $1,418 for a 3 bedroom. These 4 units have the potential to bring in excess of $4,000 per month and room to add another unit or rent for lot rent $500 per month. The units do need repairs and updating but very simple to fix. Buy for 175k Invest 50k improvements - generate $4,500 a month in rental income with 5 lots minus expenses can put a buyer over a 20% return annually! This deal wont last long!!!
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11BEDS
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0.68ACRES
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7BATHS
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01/2 BATHS
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2,688SQFT
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$67$/SQFT
School Ratings & Info
Description
Small 5 unit Mobile Home Park available for sale. This is a great rental property waiting to be cleaned and rented. Sitting on .67 acres in a great area sits 5 lots with their own septic, well, and electric pole with meter. 4 mobile homes with 1 vacant lot. All 4 mobile homes are single wide homes. 3 of the mobile homes are 3 bedroom 1.5 bathrooms. Each of the units inside needs repairs to get rent ready. There currently is 1 renter who has been living on the property for 17 years pays rent and will vacate or continue renting. RENTERS ARE IN HIGH DEMAND FOR THIS AREA!!! Similar units market rent for the area is between $900 to $1,000 per month. We have been in contact with Polk County Housing Authority and they have a waiting list of ones who are ready to get into a place asap, With the high demand for rentals in Polk county and limited affordable housing made available this is a charm of an investment. According to the U.S. Department of Housing and Urban Development, 2021 Fair Market Rents states The HUD Fair Market Rent for a 2 bedroom is $1,056 a month for a 2 bedroom and $1,418 for a 3 bedroom. These 4 units have the potential to bring in excess of $4,000 per month and room to add another unit or rent for lot rent $500 per month. The units do need repairs and updating but very simple to fix. Buy for 175k Invest 50k improvements - generate $4,500 a month in rental income with 5 lots minus expenses can put a buyer over a 20% return annually! This deal wont last long!!!
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