344-380 San Jose Street

Mobile Home Park with up to 23 units is a mixture of park owned lots, tenant owned homes and undeveloped lots. 16 of the 23 lots currently have homes on them - 7 are park owned homes and 9 are tenant owned homes. The remaining 7 lots are zoned and undeveloped. The 7 park owned homesites include: one 3 bed /1 bath; four 1 bed/1 bath; and two 2 bed/1 bath. Stable tenant base. Tenants are screened and there are currently no delinquent accounts. Most residents pay rent through platforms such as Zelle, Cash App, or Venmo. Gross income is close to $145,000 per year. Expenses approx $18,000 per year. Owner/operator. Most of the Park owned homes are remodelled. 14 septic systems on the site - all are functioning with no issues. All tenants pay their own electric; all tenants except 3 pay their own water. PUBLIC WATER. Great opportunity for an experienced Mobile Home Park Operator or someone that is looking for a great cash cow opportunity and perhaps even live on the site. Plenty of upside - several rents are under current market rates and there is an opportunity to develop the additional 7 lots. PLEASE DO NOT DISTURB TENANTS -- Agent will meet you at the property. Rent Roll and expense summary attached to MLS.