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Investment Overview

Best Trailer Court is located in York, NE which has a resident population 8,000. The property consists of 32 lots with 14 single wide homes (13 TOHs and 1 Vacant POH), 12 RV spaces, 1 Single Family Home, and 5 slab homes (apartments). Lot rents currently average a modest $310 per lot, offering new ownership the ability to raise rents to market rates over time. Market lot rents in the York area currently average $425-$450 per month. The subject property is served by 100% public utilities with current ownership billing back electric, with trash and water included in lot rents. This offers new ownership the ability to bill back utilities to reduce costs, while raising lot rents over time to build additional equity. The property features a vacant lot behind the single family home for overflow parking, allowing for additional income for a new owner. Current ownership rents lot #7 to the tenants in lot #6 and lot #26 to the tenants in #27 for additional income.

Utilities and Infrastructe

Best Trailer Court is served by 100% public utilities with current ownership paying for and billing back electric. Water and trash are paid by current ownership and are not billed back, offering new ownership the ability to decrease expenses through bill backs. Contact Broker for Additional Details.

Apartments/Single Family Home

There are currently 5 slab home/apartment units and one single family home with a detached garage on the property. Lot 28/29: Duplex 1 bed/1 bath units: $650/$725 per/mo Lot 30: 2 bed/1 bath: $800 per/mo Lot 31: 2 bed/ 1 bath: $800 per/mo Lot 32: Efficiency Unit: $425 per/mo Lot 13: Single Family Home 2 bed/2 bath: $1,100 per/mo

Other Information

Best Trailer Court is located in a 100 year (Zone AE) flood plain as is much of the city of York, NE. Current ownership has not had any water issues throughout their length of ownership, and the current listed insurance costs include a flood insurance policy. Contact Broker for Additional Details.

Subject to 1031 Exchange

Property sale is subject to seller's satisfactory 1031 exchange. Seller has identified their replacement property, but buyer shall cooperate with seller's 1031 exchange timeline at no additional cost to buyer. Contact Broker for Additional Details.

York, NE

York, NE is located directly off of I-80 an hour West of Lincoln and an hour East of Grand Island, NE. The city offers affordable living and has a well established local economy.