Coldwell Banker - Best Life Realty
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The asset is stabilized with consistent occupancy and a reliable tenant base, including several long-term residents with 10-15+ years of tenancy.
The income profile is split between traditional rentals and a rent-to-own structure. Four units operate under standard lease agreements, generating strong in-place income with typical owner maintenance responsibilities. One unit is structured as a rent-to-own (RTO), providing stable payments while the tenant maintains responsibility for the home; upon payoff, this converts to consistent, low-maintenance lot rent, further strengthening long-term cash flow stability.
The 7-lot package consists primarily of 1984 - 1985 model single-wide homes, each configured as 2-bedroom, 1-bath units. This creates a uniform housing profile across the asset, offering consistent rental performance and streamlined maintenance due to similar construction and layout characteristics.
Infrastructure is already in place, including a master water meter with distribution lines servicing all lots, on-site electrical connections, and septic systems across developed pads. A smart water monitoring system with real-time leak detection is installed, helping mitigate utility loss and protect net operating income.
There are two vacant lots available. One lot (7A) had a mobile home in place less than a year ago, and existing infrastructure is believed to be in place; however, buyers should anticipate standard lot preparation and verify condition and functionality during due diligence.
The property benefits from strong underlying land value, supported by existing utilities, established layout, and long-term residential use. It is well-suited for both stabilized yield investors and value-add operators seeking scalable growth.
Property is offered as-is, where-is, with value driven by land, infrastructure, and in-place income, plus upside through expansion and operational improvements.
Please do not disturb tenants. No interior showings or tours of occupied or RTO units will be conducted prior to an accepted offer in order to respect tenant privacy and maintain normal operations. Once a contract is in place, buyer receives a 3-5 day site evaluation period (no earnest money required during this time), followed by a 12-14 day due diligence period after earnest money deposit. Parcel #s 119-05-14-001 And 119-05-14-002. Units: A, B, C, D, E, 7a, 7b. Also listed as commercial/multifamily MLS 222962