Listed by Clubbs Real Estate Group, LLC
$479,500
Penny Road Mobile Homes
Details
Property Type Multifamily
Square Footage 2,880
Units 4
Cap Rate 9.54%
NOI $45,750
Tenancy Multi
Price per SqFt $166
Buildings 4
Acreage 1.300
Zoning R-2 Bay County
Multifamily | 9.54% CAP | 4 Units
Marketing description
This 4-unit Mobile Home Site features four like-new mobile homes with metal roofs. Each unit is separately metered for electric with a covered front patio and premium metal skirting. The park features a top of the line septic system, deep well with variable speed constant pressure pump, and new paved driveways & parking areas. Each home is rented $1,250 per month for a projected annual gross income of $60,000 per year. Perfect for employee housing or as an investment, this opportunity won't last long!
Investment highlights
Four Late-Model Mobile Homes Set Up and in Place
Covered Porches & Metal Skirting Upgrades
Upgraded Septic System & Pump
Gross Income: $60,000
Listing Contacts
Listed by Clubbs Real Estate Group, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,750.00
$3,812.50/mo
Valuation Metrics
0
DSCR
9.54%
Cap Rate
9.54%
ROI
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