Description
Red Gate Mobile Home Park has 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 are billed direct to tenant. Water and sewer is included in rent. Tenants are on a month-to-month lease. 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!
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0BEDS
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8.87ACRES
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0BATHS
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01/2 BATHS
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411,206SQFT
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$7$/SQFT
School Ratings & Info
Description
Red Gate Mobile Home Park has 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 are billed direct to tenant. Water and sewer is included in rent. Tenants are on a month-to-month lease. 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!
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