If you are looking for a great income-producing property, this is it. This property has unlimited potential and could be whatever you want it to be. This property has a cleared parcel with 10 pads poured for rentals. Eight have been rented for under market value. An attached parcel could be used to expand this trailer park, or the new owner could make this property whatever they like. This property could be used for the trailer park, with a huge storage lot next to the property, or can expand the pads for more units. At this time, this property has an income of $33,360 a year with the potential of almost doubling with a slight increase in lot rent. Here is an opportunity for passive income of up to over $60,000 with the property owner only having to maintain the well after and septic system for the units. Call for more details.
Financial Considerations
Price:
$299,000
HOA Fee:
N/A
Tax Amount:
$3374.09
Price per SqFt:
$14950
Tax Legal Description:
KING & BAKER SUB BEG AT NE COR BLK 11 TH W 240 FT TH S 175 FT TH E 240 FT TH N 175 FT TO POB BLK 11 LAMBS EAST SIDE M H PARK AKA N1/2 BLK 11 INST:201414005672