Investor Opportunity – 5-Acre Income Property with 4 Mobile Homes
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. The property generated consistent average monthly gross rents of $4,200 per month in 2024. Annual rents of $50,400 are 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) . This results in a strong 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. The balance to get occupancy on the 2 vacant homes is estimated to be $30K. The property is being offered AS IS prior to all repairs, presenting a compelling value-add opportunity. Once fully restored and 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. Willing to work with agents.