Excellent potential for this 47 space mobile home park that has 40 park owned homes, a 3+2 double wide and 5 lot rentals. There is also a workshop and storage.
The homes are smaller 2+1's and most require refurbishing anywhere from minimum to major and the park is being sold "as is"
There are currently 10 units occupied grossing $2875 a month which is a 11.4% cap at this price even with the low occupancy. 5 of the units are tenant owned and the other 5 are monthly rentals. The park is on city water and sewer and asphalt road throughout park.
With $30K down, I will owner finance at 7% amortized for 15 years, due in 3 years.
It's a bit of a fixer but the potential is obviously great.

The park is located in the University town of Martin, TN. and is walking distance to the university, shopping, restaurants and walmart.

Contact: gregoryharms@gmail.com (818) 398-4075