Manufactured Community Residential Modified Gross Lease Kentucky

Sands Investment Group is Pleased to Present Exclusively For Sale the Spring Park Manufactured Home Community Located in Magnolia, KY. Spring Park Consists of 11 Established Lots With 10 of Them Currently Leased. As Most Investors Desire, Ownership Does Not Own the Actual Manufactured Homes, Making It Unlikely For Tenants to Leave and Eliminating the Need For Spring Park Ownership to Maintain the Manufactured Homes. There is Additional Space Available For Expansion, and the Majority of the Tenants Are Established and Have Resided On-Site For Many Years.

• Spring Park Consists of 11 Established Lots With 10 Currently Being Leased
• The Property Has Additional Space Available For Expansion
• The Majority of the Tenants Are Established and Have Resided On-Site For Many Years
• Limited Landlord Responsibilities
• Property Includes City Water, Electricity and Access to the Internet and a Phone
• New Septic Pump Installed in January 2021 With a 3-Year Warranty and New Septic Tanks Installed in 2010
• Located Near a Cellular Base Station
• Easy Entry Price Point
• Located Off of U.S. 31 East Which Sees Over 2,100 Vehicles Per Day
• Over 16,806 People Live Within a 10-Mile Radius Making an Average Household Income of $56,896
• Surrounding Tenants Include: Dollar General, Valero, Decades Restaurant, Unites States Postal Service, Magnolia Bank, Hidden Treasures and More

In Cooperation With: Sands Investment Group Kentucky, LLC
Lic. # 251681 BoR: Kaveh Ebrahimi – KY Lic. # 251680

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