Centrally located on 5.39 acres, and in an Opportunity Zone. Provides consistent cash flow, with low expenses. Landlord provides water, sewer and trash disposal. Electricity is separately metered and paid by tenants. All spaces are rented month-to-month.
Less than half of the total land is used for the trailer/mobile home park. The remainder is used for outdoor vehicle storage. A more efficient operator should be able to increase revenue substantially.
Strong long-term upside as a redevelopment site for commercial, industrial, multifamily or mixed-use. MUD-3 overlay allows for density of up to 32 units per acre.
Opportunity zone may provide considerable tax advantages by utilizing a new development and long-term ownership strategy.
There are 3 double-wide spaces which rent for $500; 15 single-wide spaces which rent for $400 ($650 in park-owned single wide units); 35 RV spaces which rent for $350 ($450 in park-owned RV's). There are 2 single-wide units and 9 RV's which are owned by the park. The RV/auto storage rent is $40 for tenants and $50 for non-tenants.
