1206 E. 4th ave - Manufactured Housing/Mobile Housing FOR SALE


York, AL 36925
$699,000 USD
530-237-9298
1206 E. 4th ave, York, AL for Sale
$699,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | Request Cap Rate

1206 E. 4th ave
York, AL 36925


HIGHLIGHTS

  • INDIVIDUAL WATER AND ELECTRICITY METERS FOR EVERY SINGLE LOT. ALL UTILITIES ARE PAID BY THE TENANTS, CITY WATER AND CITY SEWER.
  • PRIME REAL ESTATE PROPERTY NEXT TO THE FREEWAY WITH ROOM TO ADD MORE TRAILERS
  • GROUNDSKEEPER LIVES ON SITE AND MAINTAINS THE GROUNDS AT THE PROPERTY. HE RECEIVES FREE LOT RENT IN LIEU OF HIS DUTIES
  • NEAR FREEWAY, CLOSE TO LIVINGSTON, ALABAMA AND MERIDIAN, MISSISSIPPI
  • HUGE CASH FLOW POTENTIAL, 15 VACANT LOTS READY FOR TRAILERS IMMEDIATELY.
  • 100% PASSIVE INCOME PROPERTY, BUY IT AND FORGET ABOUT IT, RENTAL INCOME COMES IN THE FIRST WEEK OF THE MONTH LIKE CLOCKWORK

OVERVIEW

100% passive income property. All of the tenants are lot renters. Tenants pay for all of their own utilities (water, sewer, electricity ) and the park does have city water and city sewer. 45 Individual meters in place. There are 15 vacant lots which are ready for more park owned homes or add your own trailers and make over 6 figure income here. The property does have 2 parcels totaling 11 acres ( 9 acres and 2 acres ). Both parcels sit adjacent to one another. This is PRIME real estate property with alot of room to expand. RIGHT NEXT TO THE FREEWAY! I do have a groundskeeper who maintains the property since I live in California. He cuts the grass around the vacant lots and makes sure everything is nice and tidy there. The groundskeeper is a tenant and receives free lot rent in lieu of his duties. Sit back and collect the rental income the first week of every month. Thats all that is required with this property as it is 100% passive income.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$16 USD /SF

# OF UNITS

45

PRICE/UNIT

$15,533

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

45 LOTS CITY WATER & SEWER INDIVIDUAL METERS!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments, Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.32 AC

LAND SF

493,301 SF

ZONING

MF

APN/PARCEL ID

22-08-33-1-001-002.002,22-08-33-1-001-021.001

ASK ABOUT THIS PROPERTY

Dr. SharmaNS Equity LLCMore Info
530-237-9298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dr. SharmaNS Equity LLCMore Info
530-237-9298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.