Description
J and I Mobile Home Park has 11 spaces with only one vacant. Tenants are on a month to month basis - a majority have lived there 20+ years. Rents are $210 per space and has not been raised for many years. Great upside potential. As is, at this price, cap rate is approximately 9%. Property offers separate meters for each pad and is connected to city water and city sewer.
$212,800
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0BEDS
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1.4ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
J and I Mobile Home Park has 11 spaces with only one vacant. Tenants are on a month to month basis - a majority have lived there 20+ years. Rents are $210 per space and has not been raised for many years. Great upside potential. As is, at this price, cap rate is approximately 9%. Property offers separate meters for each pad and is connected to city water and city sewer.
© 2021 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Berkshire Hathaway HomeServices are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-01-19T19:51:45.747.
Listing provided courtesy of Norma Taylor of Dougherty Real Estate Co. Llc. © 2021 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.