1204 4th ave - 45 LOTS MHP CITY WATER/SEWER & HUGE VALUE ADD 45 Unit Apartment Building Offered at $984,683 CAD York, AL 36925

45 Lots Mobile Home Park with City Utilities. The park has city water and sewer, with every lot being individually metered for utilities including electricity. Tenants at the park are directly billed by the service providers ( water, sewer, electricity ) and pay them directly including trash service. The tenants are also responsible for their own yard maintenance. This results in less management duties and more passive income.
There are 30 occupied lots with tenant owed homes (TOH) and 15 vacant lots ready for trailers to be added immediately. The vacant lots have meters in place and are ready for homes to be placed on them immediately. You can continue with tenant owned homes or add park owned homes (POH). There is a huge need for more housing in this park. I currently don't do any type of advertising
There is a groundskeeper on the property who watches over the property and keeps it nice and tidy. The groundskeeper cuts the grass at the vacant lots and helps new tenants. He receives free lot rent for his duties as the groundskeeper.
As the owner, I manage this property from home in California. The property has very few expenses, which makes management a breeze. Tenants own their own homes and have their own homeowners insurance. I just pay my annual taxes which run around $ 800 a year, security lights at the property which run around $ 120 a month, and my groundskeeper who receives free lot rent for watching over the property for me. You can live anywhere in the USA and manage this property like I do, and use it for passive income.