Residential Investment - 15 Rental Homes

15 lots ranging from 1.0 AC to 2.87 AC. Each lot has a modular doublewide home, sizes of homes range from 1,500 SF to 1,650 SF and each contain 3 to 4 bedrooms and a minimum of 2 bathrooms. Most were built in 2003 to 2004. Homes are total electric, other utilities include septic and county water.

These FHA homes have been well maintained. Many have LVT flooring, painted and new cabinets. Kitchens are equipped with refrigerator and stove, and some have dishwashers. 1/3 have new roofs (2019), some are metal, some have shingles. Some units have fireplaces. All units have concrete driveways, front & rear porches, and are on permanent foundations.

100% occupancy. Easy to manage. All properties are together in one neighborhood (see aerial). Seller has 99% collection rate with tenants for last 3.5 years. See rent roll for financials.