This is a rare opportunity to acquire a fully occupied, by-right mobile home park consisting of six contiguous half-acre lots totaling approximately three acres, located at 145, 149 & 157 Range Rd and 103, 105 & 107 Ridgle Estates Rd. The seller owns the land only and does not own any of the homes; income is derived solely from lot rents.
All six lots are currently occupied by tenants paying $290 per month, generating $1,740 in gross monthly income ($20,880 annually). These rents are well below market, offering significant upside potential for a new owner through future rent increases.The property benefits from city water and city sewer service to every lot, along with extremely low upkeep and maintenance costs, making it an exceptionally low-expense, passive investment.
Located in a growing area with ongoing demand for affordable housing, this turnkey land-lease community provides stable cash flow today and clear value-add potential tomorrow. The six lots are being offered and sold together only as a single package; individual lots will not be sold separately. Ideal for an investor seeking reliable income with minimal management responsibilities. Contact the listing agent for rent roll, expense details, and showing information.
