About this property

Valle Acres Mobile Home Park presents an outstanding investment opportunity with immediate cash flow and exceptional upside potential. Priced at $699,900, with a 9.78% + Cap rate ,this 11-lot manufactured home community is a true value-add asset offering a clear path to increased income without requiring a major turnaround. The property consists of 11 mobile home sites plus a leased garage/storage building, with 11 trailers/lots currently rented additional lease-ups are already in progress. Current Gross income is $95,725 Net Operating income is $73,268. Operating expenses remain exceptionally low at approximately $22,500 annually, resulting in an impressive expense ratio of just 22-25%, well belowindustry averages. The community is served by a private well, public sewer, and benefits from a recently negotiated lower-cost trash contract. An additionalundeveloped section of the property provides even more upside, ideal for RV, boat, vehicle, or tenant storage, creating an attractive ancillary income stream. Complete rent roll and financial package are available for qualified buyers. Whether you're looking to expand your portfolio or invest in a high-potential income property, Valle Acres offers immediate returns with tremendous long-term growth potential.

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