ESTABLISHED, INCOME PRODUCING, TURNKEY mobile home park ready for new ownership! Gross annual income is $138, 000 making this a great opportunity PLUS there is room for expansion! This park includes a FULLY RENOVATED three bedroom 1. 5 bath single family home with two car garage (built in 1965) and seven mobile homes (with carports which is another plus the tenants like!) of varying size and ages; two mobile homes were replaced with new single wide units in 2021; the other mobile homes were completely renovated one by one beginning in 2018 including roofs, A/C, hot water heaters, updated flooring, fresh drywall and paint and modern finishes; plus all units are equipped with washers and dryers for an added value to the tenants which helps add up to CONSISTENT INCOME with LOW VACANCY RATES. Multiple parcels add up to 3. 48+/- fenced acres that could have added income potential. Live onsite or rent out all units for maximum return. TOTAL SQUARE FOOTAGE IS ESTIMATED. If actual square footage is of importance to the buyer, it can be confirmed by the buyers or their agents during the inspection period at buyer's expense. So, take advantage of the work the current owners put in to minimize repairs and enjoy the benefits of investment property ownership. Make your appointment to see it TODAY!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | $1,038 | $1,038 | $1,038 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,783 | $7,389 | $10,619 |
Total Monthly Payment | $8,946 | $8,552 | $11,782 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.