3042 Transmitter Ln.

Office | For Sale | TBD | 1 sqft

Guaranteed Rental Income on this licensed Mobile Home Park. Seller is willing to continue managing the park, for one year after purchase, for 10% of rental income. More importantly, he is willing to guarantee a minimum of $2,200.a month income for the first year. Park has Transmitter Rd. frontage and is located on a corner lot. Property could possibly be rezoned commercial. Current gross income is $31,500. (at 100% occupancy) There are five 'park owned', 2 bedroom, 1 bath units, which rent for $525. each per month. Property may be purchased without the homes for a discount or if the buyer is interested in installing new units, the seller is willing to give credit for the existing units, as trade-ins, twords the purchase of new units, as the seller is a mobile home dealer. There are 5 units currently on the property, but with a little shuffling, the park could support 7 units. Seller willing to consider, up to 20% Owner Financing. 14% CapRate