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Investment opportunity featuring three parcels at one location: 6, 7, and 8 Pleasant Street. Please do not disturb tenants, this is a dead-end street. Last 200' or so is maintained by owner. 6 Pleasant Street is a vacant lot with no structure currently on it. Some infrastructure is already in place, offering future development potential. 7 Pleasant Street is the larger parcel and includes a 3-bedroom, 1-bath mobile home. The unit is currently rented for $1,150 per month, with the tenant responsible for all utilities except sewer. 8 Pleasant Street features a 2-bedroom, 1-bath mobile home with a Section 8 tenant, also generating $1,150 per month in rent. Rent hits the first of every month. Both tenant have been in place for over a year with no issues and have expressed wanting to stay for years to come. This property offers immediate cash flow with two occupied units tha...
Investment opportunity featuring three parcels at one location: 6, 7, and 8 Pleasant Street. Please do not disturb tenants, this is a dead-end street. Last 200' or so is maintained by owner. 6 Pleasant Street is a vacant lot with no structure currently on it. Some infrastructure is already in place, offering future development potential. 7 Pleasant Street is the larger parcel and includes a 3-bedroom, 1-bath mobile home. The unit is currently rented for $1,150 per month, with the tenant responsible for all utilities except sewer. 8 Pleasant Street features a 2-bedroom, 1-bath mobile home with a Section 8 tenant, also generating $1,150 per month in rent. Rent hits the first of every month. Both tenant have been in place for over a year with no issues and have expressed wanting to stay for years to come. This property offers immediate cash flow with two occupied units that comfortably cover expenses, making it a strong option for both seasoned investors and those looking to enter the rental market. There is additional upside through potential rent increases and the opportunity to add a structure to the third vacant lot, subject to buyer due diligence and local approvals. A solid income-producing property with built-in value-add potential in a convenient location.
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