23 Acres in Ramer, TN - $395,000
This is one of those good investments. High cap rate, low GRM, and good return on investment. GRM is 56.
Situated on approximately 23 Acres improved with 2 ponds is 28 Mobile home units that are 100% rented.
All of the homes are included in the sale, not just the land or the MH pads. The current monthly rental income is over $7000 per month. The current owner has maintained these properties and in many has installed low maintenance laminate flooring to keep future maintenance expenses low.
In this economy, this is a very safe investment. There is very little risk that you will have trouble keeping them rented and keeping the rent collected. Higher rent properties are at risk in a volatile economy, while lower rent properties will always be in demand no matter what the economy is.
If you are looking for an investment that will pay for itself approximately every 5 years, we beli...
If you are looking for an investment that will pay for itself approximately every 5 years, we believe this is it.
Please understand that this property will be shown by appointment only and with the Real Estate Broker only. No contact is to be made with the tenants or owner without the Broker being involved. The sellers have requested this. They are selling because they want to retire. A confidentiality agreement will be necessary before more details concerning the financial data of this sale can be made available to prospective buyers.
We have received our data in good faith from the sellers. It is believed to be true and accurate, but Nutt Auction & Realty Co. does not guarantee or warrant the accuracy of the information in our listings.
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