$309,800

Monthly rents of $3,550 on this amazing property. This property operates at a TRUE 9.1% Cap Rate, (assuming 30% op-ex, and 5% vacancy) this is a great, mini trailer park in Vernal. Great option for a first time investor, or for a small 1031 roll up! 3 trailers are owned by the park/landlord, and 2 are tenant-owned and only pay lot rent. Lot rent is $475. Two of the owned trailers are renting at $750 and $900/month and the 3rd one is at $950/month. All Trailers are single wide. Park owned trailers are aged 1983, 1984 and 1977. - offer subject to inspection - inquire with agent for any questions. Property sits on 2 different parcels and must be bought cash or conventional loan or Portfolio loan. Parcels can be sold or bought individually, as well as subdivided further into 4 total parcels per city requirements. Photos show one of the trailers during remodel, which has since been completed. Grand Valley Bank in Vernal will provide financing at 65% LTV on a 3 year ARM and 20 year amortization. Seller would consider small carryback/subordination. Buyer to verify all info. Square footage figures are provided as a courtesy estimate only and were obtained from a mixture of sources. Buyer is advised to obtain an independent measurement of square footage. Owner/agent. Due to financing requirement of Commercial financing, this listing is cross posted as a commercial listing, MLS #1876925