5 mobile home units on 1 land parcel - Parcel has water sewer and electric - no septic - Location is 5 minutes to new St. Johns's county bridge - Units are leased out - longterm leases - $650 each rent - 15%+ cap rate - $3200 a month income - $39,000 Annual income - under new professional management - Rents to be raised - units touching up - Parcel may be sub-dividable upto 4 sfh's per county - Offer w/ cash funds, appointment - do not disturb tenants - You can drive by - You must Understand that the Units are grandfathered-in, non-conforming, units can't be replaced. units rent indefinitely, units ok condition - Units Cant be replaced - Common to growth city - Cash offer -or- Seller finance w/ 20% down negotiable terms. You are investing in Land, location, water/sewer, growth, cashflow
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Listing information last updated on July 19th, 2019 at 11:23am EDT.