Only 1 mile from the World's Most Beautiful Beach! The individual lots are large 75' X 190' . Each lot is serviced by 1 water meter and the entire park shares a dumpster. There are currently 3 units on each lot but is zoned R-4 for up to 5 units per lot. I own all the 12 units on the 4 lots which includes 10 mobile homes and 2 cabins. Zoned as a mobile home park so changing out homes is a very easy process. You can keep the current homes, sell them to tenants, bring in new homes or rent lot space. There are currently three large 3 Bedroom 2 bath units and the rest are 2 bedroom units. The rents range from $650 - $900 monthly per unit. Each of the homes has been well maintained and have front porches and lots of trees. Good renters and the park has a good reputation for the area. I've owned for 9 years and am strict about things being clean and kept up. I've managed the park from out of state and wanted to retire there but health issues have altered my plan.
I own a total of 10 adjoining lots and am willing to split up the lots and sell minimum 4 lots along with the units owned. The price of $500,000 includes the 4 lots and 12 homes. Additional lots could be bought for $100,000-$150,000 each or all 10 lots and current 22 units for $950,000.
This is an awesome investment opportunity and I am firm on this price. I may consider some owner financing with at least 50% down payment. The values in this area are sure to increase and I have very low vacancy rates. Summer is a great potential for increased rents. Sometimes I rent a 2 bedroom for $400+ per week furnished.
Call 602-430-3139 to discuss details. I'm a licensed real estate broker in both Florida and Arizona.