AUCTION Thursday April 26, 2018 @ 1:00pm
5656 Circle Park Drive, Rock Hall, MD 21661 Kent County
ABSOLUTE AUCTION over $500K!
Mobile Home Park in Rock Hall, Kent County, MD, all age community, located on +/- 3.61 acres of land with tremendous income growth potential. 2 Deeds. There are total 34 spaces of which 20 units are leased, 1 unit is renovated and offered for sale, 11 units are vacant & 1 home with 2 apartments requires complete renovation. The property is managed by a long time resident tenant living in the Park. Current gross income is approx. +/- $104,000/year with a net yearly income of approx. +/- $59,000. Public water & sewer hookups & power available for all spaces. All homes are individually metered. Excellent upside potential of gross income of approx.+/- $171,000 /year or net income of approx. +/- $125,000/year can be realized by doing rehab of the home with 2 apartments and renting all of the spaces. Excellent Investment opportunity. Easy commute from Baltimore and Washington Metropolitan areas. Maryland is currently in the study period for plans for the construction of a bridge from Baltimore to Kent County. Sold AS-IS. BP Deposit $20,000. Gopal Hariani 410-977-9390.
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This property is offered at public auction at the premises with a suggested opening bid of $500,000.
