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COMMERCIAL INVESTMENT OPPORTUNITY! NEW LISTING!














OWNER: Walkers/Riesland

LOCATION: From Gering, NE. Continue on 5 Rocks Road (HWY 71) headed north. Turn onto Bellevue Dr Headed west. Take immediate right (heading north) and continue Bellevue Dr until Canyon Dr. (first available left turn). Take Canyon Dr. 2 blocks until you enter Monument Mobile Home Park. You have arrived.

LEGAL: Contact listing agent for full lis...
t of legals

PROPERTY DESCRIPTION:
200709 Canyon Dr. Gering, NE
INCOME PRODUCING PROPERTY! Great investment opportunity! This 7.25-acre mobile home park houses 34 trailer spots and the park owns 22 lots renting for approximately $410-$760 per month per lot. The other 12 lots are privately owned and bring approximately $270 per month per lot. Monument View MHP sits in a prime location right below the local icon, The Scottsbluff National Monument. The main shop is 1,120 sq. ft. with a large overhead door to store all needed equipment. This mobile home park uses city water, sewer, and trash with many of the water lines updated. The park is from the west half of Ridge Dr to the west middle of West Dr.. This is a great property for full-time residence or hired manager.

INCOME: The park is currently running with 6 empty or vacant spots. The monthly income average is $11,913.15. This includes all rent and water, sewer, and trash.

EXPENSES: The park has a total average of $3,186.65 in expenses. This includes: water, sewer, trash, gas, electric, phone, taxes, legal, ads, and office. All utilities are billed to the tenents. The water, sewer, trash all come in as one lump sum bill and are then dispersed and paid by the tenants.

ROI(return on investment): Monthly income x 12 months= ($11,913.15*12=$142,957.80)
Minus monthly expenses x 12= ($142,957.80-($3,186.65*12)=$104,718).
Then take yearly net income divided by purchase price ($104,718/$575,000)= 18.2% Return at a full price offer!


Call and schedule your private tour TODAY!
(showing by appointment only)


Listed by Logan Woodward (308) 672-3210. The above information is from sources deemed reliable, but is not guaranteed. Prospective buyers should personally verify any items in question. Helberg and Nuss Auctions & Realty, and itís agents are agents of, and are representing the sellers. Sellers, and Helberg and Nuss Auctions & Realty make no representation, or warranty as to the fences being on the legally described boundaries.

Priced at : $575,000.00


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