DISCOUNTED OFF MARKET MOBLE HOME PARKS (Pensacola, FL)

DISCOUNTED OFF MARKET MOBLE HOME PARKS

15 Unit Mobile Home Park Plus 2 Homes for 905 000 14.1% CCR and 77 652 NOI 208 and 117 Tubbs Mountain Road Travelers Rest SC 29690Purchase Price 905 000 Cost per pad 53 235 Building Class C Location Class C Investment Benefits NOI 77 652 14.1% Cash on Cash Return 5 year ROI 19.8% Turn Key Ready Large Equity 100% Fully Occuppied Even more possible value plays Opportunity HUGE EQUITY Excellent opportunity for an investor to get on board with a stable property with possible value added by reducing expenses or increasing rents.New Buyer will be assigned the contract to close.This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers. DRIVE BY ONLY. DO NOT DISTURB CURRENT TENANTS.Type of Units Lots Rented 10 Trailer Rented 1 Trailer Leased 4 Homes Rented 2Number of Units 17 Style Land and Homes Construction Mobile Homes and Homes Current Occupancy 100% Market Cap Rate 8% Pro Forma Cap Rate 8.6%Greenville County SC. Travelers Rest is a booming area right now and is ripe for development. It s already zoned multi family residential and the City of TR wants more medium to high density development directly in this target area.The property includes a 1300 sq ft SF house with a basement on 3.336 acres gently sloping topography to the creek and hundreds of road frontage as well. This property also includes another house as well.Type of Units Actual Rent Lot Rented 10 276 Trailer Rented 1 1 505 Trailers Leased 2 725 Trailers Leased 2 535 Homes Rented 2 2 000 Subject Property Rent Actual rents are provided in the Rent Roll.Income Pro-Forma Yearly Potential Income 129 420 Less Vacancy (10%) (12 942) Less Expenses (30%) (38 826) Net Operating Income 77 652