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Auction Date: Thursday, 4/26/2018      Time: 1:00 PM
5656 Circle Park Drive, Rock Hall, MD 21661
ABSOLUTE AUCTION over $500K!
Mobile Home Park in Rock Hall, Kent County, MD
, all age community, located on +/- 3.61 acres of land with tremendous income growth potential. 2 Deeds. There are total 34 spaces of which 20 units are leased, 1 unit is renovated and offered for sale, 11 units are vacant & 1 home with 2 apartments  requires  complete renovation. The property is managed by a long time resident tenant living in the Park. Current gross income is approx. +/- $104,000/year with a net yearly income of approx. +/- $59,000. Public water & sewer hookups & power available for all spaces. All units have separate electric meters. Excellent upside potential of gross income of approx.+/-  $171,000 /year or net income of approx. +/- $125,000/year can be realized by doing rehab of the home with 2 apartments and renting all of the spaces. Excellent Investment opportunity. Easy commute from Baltimore and Washington Metropolitan areas. Maryland is currently in the study period for plans for the construction of a bridge from Baltimore to Kent County. Sold AS-IS.