$955,000
1155 N Durbin St, Casper , WY 80521
Current Rent **
$10,000+
Projected Rent **
$10,000+
15 Lot Mobile Home Park - 100% Occupied - True 9 cap
***SOLD***The best way to mitigate a large tax liability is a mobile home park paired with a simple cost segregation. 2022 is the final year for 100% bonus depreciation. The property brings in around $97,000 of net income. Appx $75,000 from lot rents, $11,600 from additional rent from park owned homes and about $11,000 from seller carry notes that will transfer with the sale. The notes have 7-8 years left.
This is a park I purchased a couple of years ago, put a ton of capx in, sold most of the homes to tenants and raised rents. Currently there are 3 park owned homes and 2 seller carry notes with a $45,000 face value. This is a simple to manage property, great tenants, zero vacancies (physical or economic) and it cash flows very well. On city water and city sewer, no private roads to maintain either. This is the perfect investment for someone looking for a starter mobile home park or a tax advantaged asset. Owner is a Colorado real estate agent. Contact Nathan Hunt at 719-330-2407
Location:
1155 N Durbin St, Casper , WY 80521
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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