+CASHFLOW Small Mobile Home Park Coldspring, Tx

[Clyde Myers Jr]

9-space park on city water/sewer.  No amenities in park but park is in small town and one can walk to everything in town within 10 minutes if needed to.

4 homes are tenant owned and they pay lot rent only (which is low and needs to be raised)

4 homes are parked owned and three of those are 2006 park models which were just placed on location and setup, so are empty, but should bring $450 month conservatively 

1 home is park owned, vacant, needs a full rehab, but very salvageable

Current rents w/ the new three empty (but available as of last week) park models - $1,400

Cash Price - $129k 

Owner Finance - $150k w/ 20% down over 5 years at 8% interest

If interested email me at [email protected]