CASH MACHINE!!
*** ********* ***, ********, AR
23.46% return
SP:
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Property Description

Insane opportunity!!! 

Mobile home park. 28 units in place, 26 additional units approved by the city. You can double income by redeveloping the land or keep it as it is. Will generate 18-23%+ net return on investment!! Commercial land. Booming area, next to a major city. Property will double in price within the next 5 years. Everything is in place for current operation and expansion. Very low expenses. 

This will not last. Steal this before it hits the market, price will go up!

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units54
  • Total bedrooms108
  • Total bathrooms54
  • Building size(unknown)
  • Lot size11.1 acres
  • Year built(unknown)
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • Roof(unknown)
  • Water sourceCity water
  • Water disposalSewer
  • Heating(unknown)
  • Cooling(unknown)

Property Financial Summary

  • Sale price $850,000
  • Estimated rehab 1 $450,000
  • Total investment $1,300,000
  • Type Proforma
  • After repair value $1,600,000
  • Potential profit $300,000
  • Gross income (annually) $388,800
  • Operating expenses (annually) $83,759
  • Net income (annually) $305,041
  • Gross return 29.91%
  • Gross income (monthly) $32,400
  • Operating expenses (monthly) $6,980
  • Net income (monthly) $25,420
  • Net return 23.46%

Property Income & Expenses

  • Income
  • Mobile Homes Existing
  • Unit 1: 2 bed / 1 bath $600/month $7,200/year
  • Unit 2: 2 bed / 1 bath $600/month $7,200/year
  • Unit 3: 2 bed / 1 bath $600/month $7,200/year
  • Unit 4: 2 bed / 1 bath $600/month $7,200/year
  • Unit 5: 2 bed / 1 bath $600/month $7,200/year
  • Unit 6: 2 bed / 1 bath $600/month $7,200/year
  • Unit 7: 2 bed / 1 bath $600/month $7,200/year
  • Unit 8: 2 bed / 1 bath $600/month $7,200/year
  • Unit 9: 2 bed / 1 bath $600/month $7,200/year
  • Unit 10: 2 bed / 1 bath $600/month $7,200/year
  • Unit 11: 2 bed / 1 bath $600/month $7,200/year
  • Unit 12: 2 bed / 1 bath $600/month $7,200/year
  • Unit 13: 2 bed / 1 bath $600/month $7,200/year
  • Unit 14: 2 bed / 1 bath $600/month $7,200/year
  • Unit 15: 2 bed / 1 bath $600/month $7,200/year
  • Unit 16: 2 bed / 1 bath $600/month $7,200/year
  • Unit 17: 2 bed / 1 bath $600/month $7,200/year
  • Unit 18: 2 bed / 1 bath $600/month $7,200/year
  • Unit 19: 2 bed / 1 bath $600/month $7,200/year
  • Unit 20: 2 bed / 1 bath $600/month $7,200/year
  • Unit 21: 2 bed / 1 bath $600/month $7,200/year
  • Unit 22: 2 bed / 1 bath $600/month $7,200/year
  • Unit 23: 2 bed / 1 bath $600/month $7,200/year
  • Unit 24: 2 bed / 1 bath $600/month $7,200/year
  • Unit 25: 2 bed / 1 bath $600/month $7,200/year
  • Unit 26: 2 bed / 1 bath $600/month $7,200/year
  • Unit 27: 2 bed / 1 bath $600/month $7,200/year
  • Unit 28: 2 bed / 1 bath $600/month $7,200/year
  • Mobile Homes Expansion
  • Unit 29: 2 bed / 1 bath $600/month $7,200/year
  • Unit 30: 2 bed / 1 bath $600/month $7,200/year
  • Unit 31: 2 bed / 1 bath $600/month $7,200/year
  • Unit 32: 2 bed / 1 bath $600/month $7,200/year
  • Unit 33: 2 bed / 1 bath $600/month $7,200/year
  • Unit 34: 2 bed / 1 bath $600/month $7,200/year
  • Unit 35: 2 bed / 1 bath $600/month $7,200/year
  • Unit 36: 2 bed / 1 bath $600/month $7,200/year
  • Unit 37: 2 bed / 1 bath $600/month $7,200/year
  • Unit 38: 2 bed / 1 bath $600/month $7,200/year
  • Unit 39: 2 bed / 1 bath $600/month $7,200/year
  • Unit 40: 2 bed / 1 bath $600/month $7,200/year
  • Unit 41: 2 bed / 1 bath $600/month $7,200/year
  • Unit 42: 2 bed / 1 bath $600/month $7,200/year
  • Unit 43: 2 bed / 1 bath $600/month $7,200/year
  • Unit 44: 2 bed / 1 bath $600/month $7,200/year
  • Unit 45: 2 bed / 1 bath $600/month $7,200/year
  • Unit 46: 2 bed / 1 bath $600/month $7,200/year
  • Unit 47: 2 bed / 1 bath $600/month $7,200/year
  • Unit 48: 2 bed / 1 bath $600/month $7,200/year
  • Unit 49: 2 bed / 1 bath $600/month $7,200/year
  • Unit 50: 2 bed / 1 bath $600/month $7,200/year
  • Unit 51: 2 bed / 1 bath $600/month $7,200/year
  • Unit 52: 2 bed / 1 bath $600/month $7,200/year
  • Unit 53: 2 bed / 1 bath $600/month $7,200/year
  • Unit 54: 2 bed / 1 bath $600/month $7,200/year
  • Total $32,400/month $388,800/year
  • Expenses
  • Property Taxes $420/month $5,039/year
  • Insurance (estimated) $1,000/month $12,000/year
  • Maintenance reserve $2,000/month $24,000/year
  • Water and Sewer $600/month $7,200/year
  • Waste Collection $180/month $2,160/year
  • Property Management $1,600/month $19,200/year
  • Supplies $1,000/month $12,000/year
  • Lawn care $180/month $2,160/year
  • Total $6,980/month $83,759/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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