Great Cap Rate - Great investment opportunity!

Great Cap rate potential 10-12%. This is a 3 bedroom, 2 full bath, 1248sf double wide 24x52 mobile home built in 2000. Minimal work to get rent ready (see pics) or it can be rehabbed updating the kitchen and baths to command higher rents. The mobile sits on .25 acres. AC is 5 years old, metal roof 7 years old, new flooring, county water, on septic, drain field 7 years old, good rent ready condition.

Previously rented for $1,200 mth.

Rents $1,150-$1,200+ mth / ARV is $125k+  

Asking $69,900 (Net to Seller)

Recent Comps

• 8145 Turkey Oak Ct - 3/2 - 1431sf - Sold 10/24/22 - $132,000
• 8331 Pin Oak Rd - 3/2 - 1064sf - Sold 9/1/22 - $120,000
• 8302 Pin Oak Rd - 3/2 - 1012sf - Sold 6/8/23 - $105,500