$1,490,000
FOR SALE916 Old Spanish Trail, Waveland, MS 39576
Waveland, Ms, 39576
MLS #4165683
Subdivision: Metes And Bounds
Building: 916 Old Spanish Trail
4 Beds
2/- Baths
1150 sqft
$ 1,295.65 /sqft
27 lot Mobile Home Park. 100% Never unoccupied lots. Seller Finance Available. 22 tenant owned mobile homes, 5 parked owned homes. (4) 2005 16x80 and (1) 14x70. Can convert all 5 park owned units to lease to own contracts for $25,000 to $30,000 each. Nearly $140,000of lease owned contracts remain for maturity. Annual land taxes are $9,100. $372,369 building value tax accessed. Once all mobile homes are placed in tenants' name, taxes will reduce by 75%. Dumpster expenses are $7,200 and water and sewer $14,000 annually. No other expenses. Road needs work. I have a $28,000 awarded judgement against asphalt company that I need to pursue collection. When the road was new, mostly visitors would speed. Pot holes "good" keeps traffic slow..10 additional acres can be purchased for expansion
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Listing Courtesy of: Robert Joely White Broker
