The investment includes three lot rents for mobile homes. Current lot rents are below market at $250 per lot. Current MH lot rents on the market range from $300-350 per month allowing for great upside. The lots are professionally managed and owner is out of state and completely absentee. Only expenses include $604 annual taxes and $50 per unit per month management fee. Current annual NOI of $6,236 for an entry cap rate of 6.94%. Proforma NOI of $11,400 with rents at market rate of $300 /lot and adding one lot for rent on additional land. Owner selling for land value. An old home burned down on one site, so a mobile home could be replaced. Units are all on public water and sewer. This is a great site to buy and hold for investment and add units or redevelop into single family down the road. Owner will finance with 30-35% down.