Amazing investment opportunity to own 17 pad mobile home park in Imperial; yielding 90k a year in NET Income & 14% Cap rate! The 16 park-owned well-kept homes feature 2,3, and 4 bedroom units and is situated on over 3 acres! Easily accesible off Hwy 21 and located in the highly rated Fox School District!There are 16 single wide lots and 1 double wide! There is a 30X40 pole barn with 200 amp service that could easily yield an additional $1300 a month in storage income. Netting you over 100k a year. There is ample potential to develop additional pads on the property as well. This park is served by a public sewer district with recently replaced laterals. Majority of units with 200 amp underground electric service, and full concrete pads underneath. Park has a private water system with new pump, tanks, and wellhouse. Owner will consider leaving maintenance equipment and items with sale! Call today to tour this amazing property and provide your family with a six figure income stream!
Listing courtesy of Coldwell Banker Gundaker SO.
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