For Sale

$200,000

HIGHLIGHTS:
  • Active
  • $2,777/month
  • 63 DOM
  • 1 Stories
  • 0 Beds
  • 1,216 SqFT
Description

Two (2) Manufactured Homes for sale. Unit 1 is a 3/2 with 1216 sq ft. - Rents for $1,200 per month. - Unit 2 is a 2/1 with 700 sq ft. - Rents for $1,000 per month Tenant Occupied - Do not disturb tenants, enter gate or knock doors without an appointment. **Net Income Capitalization Method -- (NOI) $20,000 annually -- 10% Capitalization Rate -- $200,000**……**Gross Rent Mulitplier (GRM) Method -- At a GRM of 8: Value = $26,400 x 8 = $211,200**

Overview
  • MLS Number: 10213381
  • Type: Multi-Family - Duplex
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 1,216 SqF
  • Land Size: 5,000 sqft
  • Year Built: 1994
Financial
Price:
$200,000
Price/SqFT:
$164.47
HOA Fee:
Tax Rate:
1.92769 %
Est. Monthly:
$2,777 *
Tax Amount:
$3,855
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Laminate
    Countertop:
    Formica
    Heating:
    Central Electric
    Cooling:
    Central Electric
  • Roof:
    Metal
    Exterior Type:
    Aluminum

Listed By:
Herbert Anderson

US Realty Associates

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