Description
The property is currently used for a mobile home park with 30 lots, full occupied at $375 per lot, 0 park owned homes, $11,250 per month income, expenses average $2350 per month. Estimated net operating income is projected at $107,000 annually. Most recent rent increase was March 1, 2022 from $275 to $375 per month on lot rent. City of Rincon provides sewer services and the park has a private well. City water is available at foot of property. Trash and electricity is billed direct to tenant. Water and sewer is paid by Red Gate MHP. There's potential to develop this site for commercial use and assemble with neighboring sites (for sale on and off-market) for a total of 40+ acres within the heart of Rincon!
-
0BEDS
-
9.44ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
The property is currently used for a mobile home park with 30 lots, full occupied at $375 per lot, 0 park owned homes, $11,250 per month income, expenses average $2350 per month. Estimated net operating income is projected at $107,000 annually. Most recent rent increase was March 1, 2022 from $275 to $375 per month on lot rent. City of Rincon provides sewer services and the park has a private well. City water is available at foot of property. Trash and electricity is billed direct to tenant. Water and sewer is paid by Red Gate MHP. There's potential to develop this site for commercial use and assemble with neighboring sites (for sale on and off-market) for a total of 40+ acres within the heart of Rincon!
© 2022 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Access Realty. Real estate listings held by brokerage firms other than Coldwell Banker Access Realty are marked with the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-05-27T13:39:34.45.