16 Pleasant Hill Dr
Property Description
This manufactured housing community presents a strong investment opportunity with steady occupancy and strong historical financials. Park consists of 54 pads (3 of the units are RTO), a commercial space, storage building and abandoned church. 53 of the 54 spaces are leased as well as the storage building. The most recent lease renewals have the pad rent at $425 and a $75 water reimbursement. Because the landlord has no maintenance responsibilities the expenses are low, and management is easy. Turn-key Management is available. Landlord is responsible for water, landscaping, property taxes and insurance. Park has paved roads and is on septic tanks.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,250,000 |
| No. of Units: | 54 |
| Year Built: | 1964 |
| Lot Size: | 7.24 Acres |
| Opportunity Zone: | No |
| Price per unit: | $41,667 |
| Property Website | Click Here |
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