Exceptional investment opportunity on over 12 acres of expansive land, offering both immediate income and future growth potential. The property features eight established mobile home pads, with seven currently occupied, providing steady rental income from day one.
Current lot rents are set at $400 per month per pad, while total monthly operating expenses are approximately $870, covering taxes, insurance, common electric, and garbage services—resulting in strong cash flow and attractive margins for investors.
With significant additional acreage available, there is potential for expansion or further development, subject to municipal approvals. Buyers are encouraged to contact the Town of Phelps directly for guidance on park expansion and zoning considerations.
This is a rare opportunity to acquire an income-producing property with upside potential in a growing market.
924 Sq Ft
12.6 Private Acres Lot Size
land
$373 Monthly Tax
Built in 1989
MLS/Listing ID R1688898
Heating - Propane
Lot - Rectangular Lot
Lot - Level
Septic System
Well
TOTAL MONTHLY COST
$0
$0
$0