First time offered - The investment you’ve been waiting on! Immaculately maintained, professionally managed, extremely high-quality unprecedented upgrades, and extensive recent renovations on this mobile home package. These homes sit on (6) separate parcels with roads on all (4) sides with potential for possible future commercial development. These homes have an exceptionally strong history of immensely high occupancy rates. All major renovations completed in the most recent 2 years. Take advantage of a high exposure investment opportunity with years of deferred maintenance. These homes boast newer central HVAC units, newer oversized decks, concrete drives and parking areas, upgraded vinyl insulated windows. Interiors feature newer custom cabinetry, granite counter tops, LED lighting, craftsman style trim. Some of the homes have had all the showers replaced with new fiberglass surround shower stalls, shower valves, etc. See associated documents for detailed upgrades along with rent rolls and cost. These homes are especially appealing as an investment compared to single family homes as these homes have very low insurance rates and property taxes. Professionally maintained management records available for serious buyers. Agent Owned Property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,920 | $559,920 | $559,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $263 | $263 | $263 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,402 | $3,402 | $4,425 |
Total Monthly Payment | $3,757 | $3,757 | $4,780 |
* 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.