315 Knight St Unit 1-17 Monroe, GA 30655

Annual Gross Rent income Over 55k. All park drain line, water line and submeter installed. Owner only need pay yard maintenance. THE RENTAL ROLL IS STABLE, according to our 2019 record, monthly rent income over $5400. annual rent income projection is over $68,000. Trailer 1,2, 4 and 16 each can be remolded inexpensively, and rent estimate around $650 each unit each month. Cost estimate of remodel, unit1 , $25000( including paint, new AC, new floor,) ,Unit2 $22,000(paint, new AC, new floor),unit4 $20,000, unit 16 $20,000. Lot 3 and 7 are vacant lot with water, drain connection available, can bring new trailer and setup in new mobile home park for $34,000 each and rent estimate around $650. Or you can rent lot 3 and 7 as vacant lot only for $250/month. The whole park been improved and maintained in excellent shape. Grading and cutting a lot of trees to maintain park landscape open. Put assigned parking spaces and speed bumpers on the park. Owner installed water and drain system for the whole park, each trailer pay their own water bill with separated water meter . Trailer 6,9,10,11,12,13,14,15,17 has new AC heat pump packaging unit installed around 2015. Trailer 8 is the smallest one bed room with no AC. current rent is $380.00, Trailer 5, AC is pretty old and compressor is bad. Hot water heater of all units been replaced with new ones. Management has been put tons of improvements. All trailers have range from year 2005(1unit), 2004 (3 units), 2002 year (4 units), 1999(1 unit), 1998 (1 unit), 1997 (1 unit), 1994 (2 units), 1993(1 unit),1986(1unit).Please swing by the neighborhood before make appointment. Titles on hand. Call listing agent to schedule viewing with pre-approval letter or proof of fund. Sold as is. 2018 year tax for trailers is 2695.42 paid at 3/16/2018. There is also county tax and city tax for land(in 2017, this tax is 2171.97) due by Nov 15 each year. Well maintained 17 lot mobile home park with 11 unit rented with good tenant, 4 trailer need remodel, 2 lot vacant can bring in new trailer according to planning department. With 62,000 cost estimate to fix 4 vacant units, then rent two vacant lots, monthly total rent can increase to 8340. Listing broker is one of the partners in company owned this mobile home park. Listing agent is manager in this company and husband of the listing broker. All offer must be accompany with Proof of fund and proof of finance, eranst money need to be at least $5000 and hold by closing attonery.