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Originally established in 1958 the park has 13 park-owned mobile homes, a 428 sq.ft.cottage and a 2 car garage on 1.32 acres with mature trees.There is an onsite manager.City of Cottonwood MAY allow one more rental unit on the property.The cap rate in 2013 was 8.82%; in 2014 it was 10.21%; in 2015 it was 10.47%; 2016 projection is 10.21%.Occupancy was 100% in 2015.When a tenant vacates a unit the owners perform any needed repairs and usually increase the rent.The mobile homes are affixed...See More
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(Historical Listings - SVV)
MLS # 508760
