Park has 17 tenant owned trailers and 1 parked owned trailer. Stabilized park with mostly long-term tenants. In a smaller community that recently opened a new medical center that has caused significant demand for housing. Park is on city water and sewer. Park has 5 empty lots that could be filled with mobile homes and rented or sold to tenants. Empty land that could be used for expansion. Listed at an approximate 8.5 cap. Rent increases were on hold due to COVID and need to be made.
Location
Small community where a new medical center was just added thus significantly increasing rents and demand for housing in the area.
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