For Sale By Owner - Investor Opportunity – 5-Acre Income Property with 4 Existing Mobile Homes - Wholesale Price Listing (as is)
This 5-acre parcel is zoned for one mobile home per acre and currently includes four mobile homes. Each home has its own utility pole & meter, and each has its own septic system. Water is supplied to all units from 2 redundant wells. With full occupancy the property generated monthly gross rents of $4,200 per month in 2024. Annual rents of $50,400 would be expected from tenants on month to month or 1 year leases. The annual expenses are taxes ($5,477/year) and trash service ($600/year) are the landlord / owner's responsibility (tenants cover all utilities)affording a net income of $44,323 annually. Due to recent hurricane damage, two homes are currently unoccupied and in need of repair, with some of the work completed, such as new 20 yr. warranty roofs installed in May 2025. The property is being offered AS IS prior to any additional repairs or improvements, presenting a compelling value-add opportunity. Once completed and the 2 vacant homes are re-leased, the property would continue to resume its $50,400 annual income at 2024 rents rates. Rents can be increased to meet current market demand. Contact owner directly at 916-813-5369.