Investors take notice, this duplex is already fixed up and rented. Each tenant is Section 8, guaranteed income. Renovations already completed. Newer roof, Window World windows high energy windows installed, lifetime warranty. New refrigerators both units, newer a/c unit inside and out both units in last 3 years new cabinets in last 3 years on east unit.
The property consists of a total of 15 acres, and 10 of those acres are utilized as a mobile home/RV park. The contiguous 5 acres are zoned vacant residential land, single family. Could be used as a future community development. The park has a total of 109 lots: mixed M.H./RV and 1 rental house. All units are tenant owned. Public utilities with the exception of the water. All lots are separately metered. There's an office/clubhouse, and laundry room. All paved roads with plenty of street lights. Seasonal park with a tremendous cash flow. Rent increase of $30/per lot as of Jan.2015.
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Ten 1-bed, 1-bath apartments with washer dryer hook-ups in each unit. Currently six units are rented so the CAP rate will increase significantly once the other four are occupied. Owner is in the process of moving and wants to liquidate. The roof is 2006 and the construction is brick with ample tenant and over-flow parking.