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Investors take note - high yield property with solid rental history and low maintenance - tenants in tow. This offering includes 1.65 acres with two 1999 singlewide homes - both updated at last tenancy turnover. Property borders large Creek (not in flood) and offer great up views. Not likely suited for financing as shared well and septic - no road maintenance agreement (neighbor does maintain but never collected any fee). Cash buyers will love this income approach to value. Likewise this property is ideal for a leftover portion of 1031 money. $18,900 annual Gross applying 20% debt coverage ratio property offers performance at solid 10%+ CAP Rate. Owner pays electricity for Shared Well only. Tenants both wish to stay - one lease month to month - one lease term will be month to month after 8/2021. Showing to begin 6/28 with 24 advance notice - confirmed appointments only.

Property Details of 5 & 7 Dark Cove Road

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Listed by Melissa L. Sites of Realty World Marketplace

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