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$190,000
Off market discounted turnkey investment property
Price:
$190,000
Location:
1719 south ohio street, Hendersonville, NC
Description:
95 Lot Mobile Home Park!! For Only $190,000!!! 17.6% Cash on Cash Return!! 1719 South Ohio Street, Pines Bluff, Arkansas 71601 Purchase Price: $190,000 Cost per pad: $2,000 Building Class: C Location Class: C Investment Benefits NOI $24,750 17.6% CCR 5 year ROI 31.2% Income Producing Property Large Equity Room to add Trailers Even more possible value plays! Opportunity: HUGE EQUITY!!! Excellent opportunity for an investor to get on board with a stable property with possible value added by reducing expenses or increasing rents. New Buyer will be assigned the contract to close. This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers. DRIVE BY ONLY. DO NOT DISTURB CURRENT TENANTS. Unit Mix Type # of Units Trailer owned 15 Lots Rented 30 Lots Vacant 50 Number of Units: 95 Style: Land Construction: Mobile Homes Current Occupancy: 33% Market Cap Rate: 8.5% Pro Forma Cap Rate: 11.8% Unit Income Type # of Units Actual Rent Lots Rented 30 $125 Trailer own 15 -- Lots Vacant 50 -- Subject Property Rent: Actual rents are provided in the Rent Roll. Income Pro-Forma Yearly Potential Income $45,000 Less Vacancy (10%) (4,500) Less Expenses (35%) (15,750) Net Operating Income $24,750 contact Jennifer at 850.684.XXXX
Property Type:
Commercial & Office Space for Sale
Posted:
April 13 on Claz
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More About this Listing: Off market discounted turnkey investment property
Off market discounted turnkey investment property is a Commercial Real Estate for Sale at 1719 South Ohio Street in Hendersonville NC. Find other listings like Off market discounted turnkey investment property and listings near 1719 South Ohio Street by searching Oodle Classifieds for Commercial Real Estate for Sale in Hendersonville NC.
Off market discounted turnkey investment property is a Commercial Real Estate for Sale at 1719 South Ohio Street in Hendersonville NC. Find other listings like Off market discounted turnkey investment property and listings near 1719 South Ohio Street by searching Oodle Classifieds for Commercial Real Estate for Sale in Hendersonville NC.