This Deal Includes a 14 Unit Park With Current Lot Rents Well Below Market Levels and a Pro Forma Cap Rate of 12% + at Near Market Rent Rates. Tenant Maintained Mobile Homes and City Maintained Infrastructure Provide Operational Advantages Over Other Parks.
PROPERTY HIGHLIGHTS
Upside in Rent Increases Near Market Levels Produce a 12% + Cap Rate
13 Lots Occupied By All TOH (Tenant Owned Homes)
1 - 3BR / 1 BA Single Family Homes
Low Maintenance Property
City Maintained Street
City Water and Sewer Direct-Billed
Residents Clean Their Own Space
All Tenant Owned Mobile Homes - Homes and Lots Maintained at Tenants Cost
Convenient in Town Troy Location With Shopping and Distillery Nearby
Contact Lead Broker: William Capone
Email: wcapone@SIGnnn.com
Phone Number: 954-723-8342
