Residential Income In Waveland

Text for Financial Spread Sheet. 27 lot Mobile Home Park. Never unoccupied lots. 22 tenant owned mobile homes, 5 parked owned homes. [hidden information]x80 and (1) 14x70. Can convert all 5 park owned units to lease to own contracts for $25,000 to $30,000 each. Nearly $160,000 of lease owned contracts remain for maturity. Annual land taxes are $9,100. $372,369 building value tax accessed. Once all mobile homes are placed in tenants’ name, taxes will reduce by 75%. Dumpster expenses are $7,200 and water and sewer $14,000 annually. No other expenses. Road is in bad shape. I have a $28,000 awarded judgement against asphalt company that I need to pursue collection. 10 additional acres can be purchased with the mobile home park for expansion