Montague Ave, North Charleston, SC 29418

This property has 13 mobile home lots plus a single family home. 13 lots are currently rented to individuals who have their own mobile homes on the lots (pay a lot rent only), 1 lot (lot #2) is owned by the Sellers and conveys with the sale. 1 lot has an existing mobile home on it that needs to be removed. The single family home is 3 bedroom, 1 bath and rents for $700 per month. Market rent for the lots is about $220-$250 per month. Each lot + house pays their own electricity and water. Taxes, Insurance and electricity for lighting are approximately $6,000 per year. Total gross income is scheduled to be $40,000 but could easily be increased.