Unit Breakdown
Duplex – Each 1br 1 ba Rents are $650 and $645 per month.
Two park owned homes so rent on the home not on the space rent. Each 2 br 2 ba Rents are $750.00 and $1,095.00.
13 rented spaces average $440 per month.
Total income $8865 per month.
NOI $73,380 per year.
Price $1,225,000
City Sever
Central water system fed by well for domestic water. No issues with water system. Tested monthly.
Individually metered electric and tenants supply their own propane.
6 & 11 are park owed, 6 & 7 are on the Rail road property ($6,000/year lease). Two of the mobile homes, one park owned and one individually owned, are on Union Pacific land and we pay UP rent twice a year. We have created an easement on the adjacent parcel so the mobiles can be relocated and the land rent will go away.
Most units have their own meter. Three have a submeter that we bill.