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Updated almost 7 years ago,
Income producing mobile home park with upside. 11% cap.
Income producing mobile home park. Site consists of 17 pads with 11 mobile homes. All 11 homes are park owned and rented on long term leases. Homes are in great shape and tenants pay their own utilities. This park is in a great location in a family friendly neighborhood near schools, shopping and dining. There is upside for the next buyer to add value by filling the empty pads with homes and raising current rents to market rate. All pads on city utilities. Won't last long!
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