Yes, you own the land. No, there is not a lot lease. Cash or Hard Money Only (read further for why). Low taxes! NOT in a flood zone so it's cheaper to insure than comparable properties. This property was a rental getting $1, 250 per month and now it is one of, if not the most affordable 2 bedroom for purchase not just because of the price but because there is no HOA, no water bill because you have a well and septic tank, just add some solar and you can be pretty much self-sufficient. Measurements are estimates. It has been freshly painted and is ready to go for someone who needs an affordable 2 bedroom place to live, or an investor who wants to collect $1, 250+ in rent. Ask about property management for just 8%. No seller financing so please don't ask. Why cash or hard money only?... Because most mortgage lenders won't finance mobile homes built prior to 1976 and most mortgage lenders won't finance a single wide. If you have a lender who says they can approve pre-1976 mobile homes and/or single wides please get it in writing from your lender specifying that they will finance this specific address before requesting a showing of the property. If you have an LLC and want to invest in real estate you can get a loan with 30-40% down regardless of your credit history or income. An LLC can be formed quickly online for less than $300. Ask your agent for more information.
