Sold on 1-13-22 via BUY IT NOW.
Bidding starts at $40,000. The Buy it Now price is $60,000. Online bidding only. 5 unit mobile home park at the edge of South Charleston on city utilities. Current NOI is $5,153 with good upside. Pad rent has only been increased once in the last 30 years. Current below market rents can easily be doubled for increased NOI. Gross rents are $6,960 per year minus trash, MHP license, Insurance and taxes. 3 pads at $125/month. 1 pad at $115 and 1 pad at $90. Sells to the highest bidder at or above $40,000.
Lot Size: .68 Acres
Annual Taxes: $ 421.44
LEAD AUCTIONEERBarry Baker
Sells with a minimum bid of $40,000. 10% down by cash or check which will become your non refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes. Online bidding only.
Deposit and Closing:
Nova Title Agency, Susan Mannarino, 440-600-5550, email@example.com
For full compensation instructions, see Realtor Registration form attachment.