$495,000OWNER FINANCE 36 LOTS MOBILE HOME PARK CAN MAKE $ 12K A MONTH INCOME (Newton Mississippi)
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I am selling my 36 space mobile home park property in Newton, Mississippi. There are three properties included in this sale:
12 acre mobile home park
2 acre mobile home park
2 acre lot in the center of these parks
These three properties total 16 acres of multi-family possibilities!
There are fourteen park owned homes included in this sale. The average age of these homes are 1996. I also have four families who pay lot rents. Total of 18 homes are on this property.
This property has " huge " value add potential because all 36 lots are individually metered for utilities. The tenants receive a bill directly for their water/sewer usage from the City. The tenants get billed directly from Mississippi power for their electricity use.
The properties are near Wal-Mart, banks, schools and much more.
This property is 100% passive income! I manage it myself from California. I am selling because I have another project I need to complete in California.
Asking $ 495,000 ( Owner Finance is possible with large down payment )