***FOR SALE BY OWNER - NO REALTORS*** Owner financing available.
38-Space manufactured home community within walking distance of Western New Mexico University and Downtown Silver City. There are 28 single-wide park-owned homes and 7 tenant-owned homes, and three vacant spaces available. Rents ranging from $500-$750 per month and space rents of $215 per month. Rents have not been raised in the past 6 years, and park grosses an excess of $16,000 per month with tremendous upside. With upgrades, park has the potential to gross up to $25,000 per month Property taxes are only $2,600 annually. The park has an onsite 1200 square foot cinder block office with two garage bays for park equipment and park material storage. The park has all city utilities with each space having independent power meters. Most of the yards are fenced with large trees and asphalt roadways with a small community park.
Onsite manager works from the office 20 hours a week and has been with the park for 5 years. Onsite maintenance man works 20 hours a week and has also been with the park for 5 years. Park also has a nice service truck, included!
Selling price: $800,000 cash sales price or $900,000 owner finance option

First position owner financing terms:
•Down payment: $450,000
•Monthly payment: $5,000 for 60 months at 4% interest with balloon at end of term
•Earnest money of $10,000 to be deposited with escrow company within 5 business days of sales contract signing
•Closing to take place within 30 days of sales contract