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 |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
219 Cypress Marsh Road
Moncks Corner, South CarolinaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout