Johnston, RI 02919

Property Details

Year built

2002

Lot size

0.83 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents an 18-unit mobile home park situated on a 0.83-acre lot in Johnston, Rhode Island. The property boasts a strong rental history, offering immediate cash flow and significant potential for future growth. Each of the 18 mobile home units is designed for optimal privacy and comfortable living. The park's prime location provides easy access to local amenities, schools, shopping centers, and convenient transportation options, making it highly attractive to tenants and ensuring consistent occupancy. The property is exceptionally well-maintained, resulting in low overhead costs and high tenant retention. Meticulous upkeep of the grounds contributes to the overall appeal and value of the community. The existing infrastructure presents opportunities for further enhancement, including the potential installation of separate water meters for each unit, allowing for increased operational efficiency and potential revenue generation. This income-producing property is a rare find in a thriving market, offering a compelling combination of immediate returns and long-term appreciation. The property's solid foundation and potential for expansion make it an ideal acquisition for investors seeking a stable and profitable investment in the Rhode Island real estate market. Priced at $950,000, this is a chance to acquire a well-established and profitable mobile home park with significant upside potential.

Location Insight

City

Johnston

County

Providence

State

Rhode Island

Longitude

-71.5005

Latitude

41.8256