This is a solid investment opportunity. This park consists
of 13 park owned mobile homes which are primarily late model
and an additional lot ready to put another home on. Rents
have recently been increased to $475 and $500 and 8 of the
13 units are Section 8. Current asking price is based on
previous NOI before rents were raised. Price reflects a
12.5% CAP rate. At the current rent structure, the CAP rate
would be 15.5%. Tenants pay all utilities, water, sewer and
garbage. Park is located in the heart of Church Point and
central to all retail and employment hubs. The park has a
new fence and sits on almost two acres with limestone
driveways. Complete financial analysis is available upon
request.