For Sale
$950,000

Johnston, RI 02919

18 Units, High ROI, Prime Location

Overview

Added:
Feb 3
Days on market:
62
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.

Property Details

Property type
Year Built
2002
Lot Size (sq. ft)
36,155 SF

Location Insight

City
Johnston
County
Providence
State
Rhode Island
Latitude
41.8256
Longitude
-71.5005
Johnston, Rhode Island

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message