8948 New Bowling Green rd - Manufactured Housing/Mobile Housing FOR SALE


Smiths Grove, KY 42171
$695,000 USD
423-544-0002
8948 New Bowling Green rd, Smiths Grove, KY for Sale
$695,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/4
null | 11.59% Cap Rate

8948 New Bowling Green rd
Smiths Grove, KY 42171


OVERVIEW

37 lot park, well maintained sitting on approximately 4.5 acres. . Lot rents at 275 currently so room to improve that in the future. High demand for rentals in the area. New rental rates are 800-850 a month. Many homes have been extensively renovated in the park. City water that is individually metered. Park has it's own sewer treatment plant. Lots of upside with 17 vacant lots to fill up. Some of these lots could possibly be turned into rv lots. One of the owners (Stewart Phillips) is a licensed real estate agent.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$35 USD /SF

# OF UNITS

37

PRICE/UNIT

$18,784

CAP RATE

11.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bon Aire Estates Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Stewart PhillipsKeller Williams RealtyMore Info
423-544-0002

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Stewart PhillipsKeller Williams RealtyMore Info
423-544-0002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.