These two well-established MHP’s are located within upper-end residential communities. Both parks have been fully renovated to the max. Owner has spent over $500,000 on renovations to include completely upgraded units commanding high rents with long term tenants and 1-year leases.
Remodeled units have new metal roofs, completely new PEX plumbing and electrical wiring, new subfloors, textured drywall, vinyl flooring, vinyl siding, new kitchen, and appliances.
Combined Parks include:
-4-Acres (2-acres at Cozy Oaks is currently unused)
-21-Spaces & 21 MH Units (One is a Duplex)
-22 Rental Units
-Well & Septic (New Well Pump)
-On-Site Management/Maintenance
-Fully Digital Leasing & Rent Collection
-Current Occupancy: 100%
Current Gross Revenue: $336,960
-Current NOI: $280,000
-Tenants on 1-Year Leases (Built-In Rent Increase)
Seller Financing: Seller financing is offered to qualified purchasers. Rate and terms are TBD but a tentative loan offering may include:
-50% down payment
-5-6% Interest Only Or
-Amortized 25-30 Years
-5-15 Year Balloon