Recession Proof Income. This park is in the perfect location, Tenants usually work within 2 miles with local industry and that creates a 95 % occupancy 95% of the year. Park owns all rental units in the park, securing the highest possible weekly and monthly rent amounts. All capital projects have been completed/upgraded. New metal roof on main building, asphalt roads have been put in, upgraded electric to each site, new water lines to each site and upgraded sewer systems. The water utility is owned by the Park and has been completely upgraded, newer laundry room owned by Park, no machines rental. Main building has the owners 2 bed/2 bath, there is a second 2 bed/ 2 bath, and a 1 bed/1 bath. There are 2 Vacation rentals on the water front. There is 12 rentals in the front of the Park and 3 rentals in the back of the Park. Owners 2/2 has new kitchen and new bathroom. The proforma reflects potential monthly and annual income to actual costs. Currently the actual income is nearly 90% of the forecasted income. The marina is ready for finger docks and start renting spaces. This park is perfect for an owner operator or put manager in the 1/1 apt that faces the front of the park.
Listing courtesy of GLASBRIDGE LLC. Selling Office: GLASBRIDGE LLC.
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