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Land for sale
Rosindale, MA
$115,000
7,000 sqft lot for sale, according to seller its can be approved for Single family.
Mobile Homes Park
North Reading, MA
3.2 Acres of land
Consisting of 26 Modular home sites.
PLAN A
Each home has an association fee of $600. Monthly X 26 = $15,600 monthly gross revenue.
Each home average cost set up complete$82,000
Sale of an average home $140,000
Average profit per home $58,000 X 26 = $1,508,000
Included in the association fee:
Snow removal ( budget for snow removal $4,500.)
Landscaping ( budget for landscaping $4,500)
water & sewer ( budget for water & sewer $16,500)
Trash removal ( budget for trash removal $4,800)
master insurance ( budget for master insurance $5,800)
Total annual expenses: $36,100. / monthly = $3,008.33
Total Gross monthly income = $15,600.
Less monthly expenses $ 3,008.33
Gross monthly profit $12,591.67
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PLAN B
Buying 26 new homes @ $82,000 with site work and set up: $2,132,000.
Leasing each unit for an average of 1,450. X 26 = $37,700. Monthly gross income X 12 months $452,400.
COMMERCIAL SPACE
Buildings in Woburn, MA:
Units are $250k
Rents average 1700 monthly.
Property is new heavy industrial construction. IG zoned.
8 miles from down town Boston, 1 mile from routes 93 & 95
Finding Land to build this product in a ten mile radius is extremely minimal and if you find it, it's very expensive, making the supply and demand greater each year. These units are 1500sf to 1860 sf industrial condos. You could buy one or buy 10. Each are currently under leases with A plus tenants.
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