Description
Great cash flow from these 7 mobile homes (plus a storage trailer). The homes were mostly built in the 70s and 80s. Rent ranges from $400 to $500 per month. Current rental income when all are full is $2900 per month. Seller purchased them in 2019 and is gradually improving each one when tenants change. Rents are gradually increased when one becomes vacant. There is very little turnover and always renters waiting when one becomes available. The nicest one would be great for a manager or owner to live in. It will be available Aug 1. With current renters, only one has ever been late 30+ days, but that was because they were on a rent assistance application and we had to wait for the check which covered six months (3 prior and 3 future). Most units are 12x60 and are 2 bed with 1 or 2 bath. Seller is a licensed real estate broker/agent. All appliances and most window a/c units are owned by seller.
Nearby Schools
Doniphan Elem.Elementary School
Doniphan MiddleMiddle School
Doniphan HighHigh School
Location
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Listing Office: Poplar Bluff Realty Inc
Attribution contact: 7857600
