542 POMEGRANATE AVENUE

Just reduced & Great cash flow rental property with a CAP RATE of 16+% looking for new owners! Each unit has it's own public electric & water meter & hooked to sewer. Tenants pay their own utilities. Trash pick up is paid thru property taxes. Low monthly maintenance expenses! Tenants maintain their own yard space. Seller has put in $40,000+ in upgrades & maintenance in the last year to bring up quality of park & increase monthly rents. Tenants are on a 6 month lease period so rent can increase up to twice a year. There is a separate common Laundry facility with coined operated washer/dryer for tenants use. There is a current office unit that can be turned into an efficiency for rent. All units have range, refrigerator & window unit (a/c & heat). Age of mobile homes vary. Seller willing to consider financing. All sizes are approximate.