Listed by Re/Max Realty Central
$849,000
111 Devan Drive
Details
APN 0922300011
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 8
NOI $116,830
Year Built 2020
Acreage 8.800
Zoning MULTI
Multifamily | 8 Units
Marketing description
This rare, income-producing mobile home park sits on 8.8 acres of versatile land with plenty of room to grow. The property currently features 8 double-wide mobile homes, each generating strong, consistent rental income averaging $800 per unit. Every home includes its own wooden storage building for added convenience. Additional amenities include 36 parking spaces, a 30x40 pole barn with electricity, and a lagoon system already in place. 9 new proposed units to be added. Whether you're looking to expand your investment portfolio or seeking a multi-use property with built-in income and future upside, this property offers it all in one impressive package.
Listing Contacts
Listed by Re/Max Realty Central
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$116,830.00
$9,735.83/mo
Valuation Metrics
0
DSCR
13.76%
Cap Rate
13.76%
ROI
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