Opportunity with this Vaue-Add property. Sporting an eclectic mix of 13 Tenants = 2 houses, 6 RV Lots, 1 Mobile Lot and a Fourplex of studios. The RV's & Mobile home are owned by the Tenants. They are parked permanently and attached to water sewer & electricity. Low Maintenance as you only have to worry about the building structures & the rv/mobile connections. Property was paved, new roofs last year. There is a lot of room to bump the rents as well. Approximately 13,000 to $15,000 under market in annual rent presently. Add $13,000 more proforma return is a 10.79% cap rate. This is a unique little community in a close knit environment. Also, owner has other props to sell with this if you need more units 6 plex, duplexes, but they must sell with this property. Bring us an offer now. Its a great return and is easier than many more conventional properties.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2020 MetroList Services, Inc.
Listings marked with V* indicate the seller is willing to entertain offers within a Listing Price range. For example, a Price of $140,000-$170,000 indicates the seller will entertain offers from $140,000 to $170,000.
Listing information last updated on June 3rd, 2020 at 5:37am PDT.