Description
Income Opportunity Knocking.. This mobile home park is a steady income producer, with 11 lots and 7 mobile homes. 5 lots include both mobile home and lot rent. 2 of the 7 homes are owner carry on a recently signed 10 year note for the current occupants plus lot rent. The remaining 4 park owned lots provide lot rent income. All existing lots are occupied by Park Owned homes or tenants. Additional room per owners to expand by adding up to 20 RV spaces. Great rental history. Income/expense history boasts a nice CAP Rate at the current asking price. A proven property, good location. Great cash flow and long-term opportunity. No drive-bys please. Apt. Only.
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0BEDS
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2.48ACRES
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0BATHS
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01/2 BATHS
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1,092SQFT
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$412$/SQFT
Description
Income Opportunity Knocking.. This mobile home park is a steady income producer, with 11 lots and 7 mobile homes. 5 lots include both mobile home and lot rent. 2 of the 7 homes are owner carry on a recently signed 10 year note for the current occupants plus lot rent. The remaining 4 park owned lots provide lot rent income. All existing lots are occupied by Park Owned homes or tenants. Additional room per owners to expand by adding up to 20 RV spaces. Great rental history. Income/expense history boasts a nice CAP Rate at the current asking price. A proven property, good location. Great cash flow and long-term opportunity. No drive-bys please. Apt. Only.
Listing provided courtesy of Paul Shindel of Exp Realty: (888) 560-3964. © 2023 Northeast Oklahoma Real Estate Services, Inc.