Great investment opportunity with 10.5% CAP rate and plenty of room for improvement. There are 13 homes currently on the property. A 3/1 site built brick house and 2 manufactured homes will convey with sale of property. All other manufactured homes are privately owned. Currently collecting rent on 8 lots. Two manufactured homes on property need work and are not rented. One vacant lot is not rented. City water is available but current water supply is a well. Houses share multiple septics.
Original Listing