Investment Overview
Value ADD MHP - Large Upside in-filling vacant lots
8 TOHs currently paying less than 1/2 of market rent
Rent Roll currently covers holding expenses and provides some cash flow.
Priced at approx. $7,700 a lot, far below development cost
City utilities located on each lot, condition & Specs. to be verified by buyer
Investment Highlights
- Current Lot Rent: $130-$150
- Market Rent $300 - 350 (lot Rent)
- POH Market $1000