INCOME PRODUCING PROPERTY!! $8,875 PER MONTH GROSS INCOME. This mobile home park has 10 owned units that are rented out monthly and 6 rented mobile home spaces. There are also 2 vacant RV Hook up and there is one vacant Mobile home space. This property has a very low vacancy rate and stays full! This property is located in an ideal location and the overhead is low making this a very strong cash-flowing property. All units are individually metered and utilities are paid by the tenants. Estimated Annual Net Income is $91,057.50 or $7,588.12 per month. The seller does not have a property manager and they maintain the grounds themselves. Their only costs are insurance, taxes and vacancy/make readies when needed. Insurance was $851 for liability and $3,209 for trailers for 2020. Each unit had a water meter owned by Fentress Star Mobile Home Park but the tenants pay for the bill and each unit is individually metered in the tenants’ name.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
