This property is Off-Market
3444 Valley Road
Meridian, MS 39301 ·
135 Spaces · Multifamily For Sale
The Valley Road Mobile Home Park
|No. Spaces||135||Gross Rent Multiplier||12|
|Property Sub-type||Mobile Home/RV Community||Year Built||1965|
|Property Use Type||Investment||Lot Size||12 AC|
|Listing ID: 14379714||Date Created: 10/23/2005||Last Updated: 08/19/2008|
This park has 135 pads today, it has room for another 25 pads, it is a "B" rated mobile home park, 45 of the units are owned by the park, the rest are 155-175 a month pad renters, good location within 3 miles of I-20, New Sewage Lagoon with 80 % capicity left to pull from.................... FINANCING AVAILALBLE $450,000 Second Owner Held Note, All other Financing is Assumable......
Excellent location, 14k a month in income now, can be 25k a month if managed correctly. FEMA wanted to rent pads in this are or HUD will rent 80x16 for 575 a month if the new owners want to move 40 units into the park......... 450,000 down and the balance on 10 year 8.99% note, nothing down deal.............
- Great Upside
- Great City Environment
- Great Management in Place
- Great Financing Available
- Clean Clean Park
- Gravel roads, Undergroude Utilities
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