MobileHome - PROPERTIES FOR SALE!

$90,000

Originally sold for $87K in 2007 and appraised at $150K in 2019

TENANT OCCUPIED DO NOT GO DIRECT OR KNOCK ON DOOR

Approximately 1000 sq. ft., 2-bedrooms, 2-baths, shower over tub, living room, dining room, breakfast bar, central air condition gas heating, washer/dryer area.

Mobile homes have 2 types of owners the Legal Owner and Registered Owner. What I am selling is the legal ownership of the mobile home you will not be able to move in right away. In addition to the legal ownership I have a Note and Legal Agreement that I will assign to the Buyer who will assume the agreement under its existing terms. The very elderly registered owner is living in the home and has a life lease with me for $500/month. You would inherit this income and all aspects of my legal agreement.

Per our agreement tenant is responsible for the space rent, utilities, repairs, registration and insurance. Per the agreement I have the transfer deed for the registered ownership already signed over but cannot record it and sell the mobile home unless one of two things happens: tenant dies which will end the life lease or tenant fails to make a monthly payment to you or to the park then you are required to give him a 72 hour notice to abate the breach. He has had heart surgery several times over the last 5 years and elderly.

I can provide a copy of the agreement to anyone and happily review the details. 494 Venecia Drive neighboring mobile home sold 4 years ago for $245,000

Shorter Summary: What you are getting is $500/month forever. Once the occupant dies or fails to make a payment you can sell or move into the mobile home.