916 Old Spanish Trail
About this property
27 lot Mobile Home Park. 100% Never unoccupied lots. Seller Finance Available. 22 tenant owned mobile homes, 5 parked owned homes. (4) 2005 16x80 and (1) 14x70. Can convert all 5 park owned units to lease to own contracts for $25,000 to $30,000 each. Nearly $140,000of lease owned contracts remain for maturity. Annual land taxes are $9,100. $372,369 building value tax accessed. Once all mobile homes are placed in tenants' name, taxes will reduce by 75%. Dumpster expenses are $7,200 and water and sewer $14,000 annually. No other expenses. Road needs work. I have a $28,000 awarded judgement against asphalt company that I need to pursue collection. When the road was new, mostly visitors would speed. Pot holes "good" keeps traffic slow..10 additional acres can be purchased for expansion
About this property
27 lot Mobile Home Park. 100% Never unoccupied lots. Seller Finance Available. 22 tenant owned mobile homes, 5 parked owned homes. (4) 2005 16x80 and (1) 14x70. Can convert all 5 park owned units to lease to own contracts for $25,000 to $30,000 each. Nearly $140,000of lease owned contracts remain for maturity. Annual land taxes are $9,100. $372,369 building value tax accessed. Once all mobile homes are placed in tenants' name, taxes will reduce by 75%. Dumpster expenses are $7,200 and water and sewer $14,000 annually. No other expenses. Road needs work. I have a $28,000 awarded judgement against asphalt company that I need to pursue collection. When the road was new, mostly visitors would speed. Pot holes "good" keeps traffic slow..10 additional acres can be purchased for expansion
Features and Additional Information
Presented By Maselle and Associates REALTORS
Area Information
Hancock | Hancock County | Metes And Bounds
Schools in the Area
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Elementary School
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Middle School
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High School
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Brokerage: Robert Joely White, Broker