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Sold over 3 years ago

$955,000

1 bd 1 ba

1155 N Durbin St, Casper , WY 80521

Residential SFR

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

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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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** 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.