45 & 55 Sand Dollar Rd, Unit 2
Property Description
This income-producing property features two mobile homes situated on a single parcel, offering investors immediate cash flow with significant upside potential. The property includes a 3BR/2BA home currently rented for $700/month and a 2BR/2BA home currently rented for $600/month, while market rents support approximately $900/month and $800/month, respectively. Both tenants are currently on month-to-month leases, providing flexibility for investors to implement rental increases and capture additional income. One of the homes has benefited from a new metal roof, helping reduce near-term maintenance costs. The property is serviced by city water and septic, while tenants pay electricity and other utilities directly to the providers, creating an efficient expense structure for ownership. For investors seeking additional scale, this property may also be purchased as part of a larger package that includes four additional mobile homes on Dead Oak Road. With below-market rents, strong cash flow potential, and flexible tenancy, this asset presents an attractive value-add opportunity in the growing Douglas rental market. Tenant Occupied, do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $160,000 |
| Lot Size: | 2,260.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-VMLSGA-153881
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