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NEW PRICE

Currently a mobile home park. Lot rental only 44 spaces family park on 3.53 acres. Property is being sold for land value. Buy now and hold for future development. Zoned RM and GC. Approx 250 ft frontage on Military Trail. Public water and sewer. Tenants pay their own electric. Fully occupied. Lot rents $ 460.00 per month

 2008-

Gross Income $ 242,000.00

NOI                $ 160,000.00

 Cap Rate  9.58%

2009-

Gross Income   $277,200

Expenses         $100,176

NOI                  $176,484

 Cap Rate 10.38%

 

For additional financial information Please fill out Confidentiality Agreement on home page of web site sign and fax back to number on CA

 

 

Disclaimer:

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Bob Webster or Wm Robert Webster Inc. a real estate corporation. All offerings are subject to availability, errors, 2^nd party information, change in terms and conditions without further notice.