
Description
Red Gate Mobile Home Park has 30 lots, full occupied at $375 per lot, 0 park owned homes, $11,250 per month income, expenses average $2350 per month. Estimated net operating income is projected at $107,000 annually. Most recent rent increase was March 1, 2022 from $275 to $375 per month on lot rent. City of Rincon provides sewer services and the park has a private well. City water is available at foot of property. Trash and electricity are billed direct to tenant. Water and sewer is included in rent. Tenants are on a month-to-month lease. There's potential to develop this site for commercial use and assemble with neighboring sites (for sale on and off-market) for a total of 40+ acres within the heart of Rincon!
-
0BEDS
-
9.44ACRES
-
0BATHS
-
01/2 BATHS
-
411,206SQFT
-
$8$/SQFT
School Ratings & Info
Description
Red Gate Mobile Home Park has 30 lots, full occupied at $375 per lot, 0 park owned homes, $11,250 per month income, expenses average $2350 per month. Estimated net operating income is projected at $107,000 annually. Most recent rent increase was March 1, 2022 from $275 to $375 per month on lot rent. City of Rincon provides sewer services and the park has a private well. City water is available at foot of property. Trash and electricity are billed direct to tenant. Water and sewer is included in rent. Tenants are on a month-to-month lease. There's potential to develop this site for commercial use and assemble with neighboring sites (for sale on and off-market) for a total of 40+ acres within the heart of Rincon!
© 2022 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Island Realty. Real estate listings held by brokerage firms other than RE/MAX Island Realty are marked with the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-06-29T00:07:42.623.