Went to see:
Pine Grove apartments in Starville owned by Dwayne Brazil.
University Villages apartments in Starkville owned by Regions
Hickory Hills Mobile Home Park in Kosciusko.
Pine Grove - 59 units (39 and 20) --manager Daniel Allen (cell 662-418-2889). Daniel is paid $2500 per month and owner also gives him $500 per month with which to do maintenance at Pine Grove. Rent is $400 per month if appliances are furnished and $375 if not. They are going to a policy of not furnishing any appliances. Tenant has to bring own refrigerator and stove and washer dryer. Units are approx 600 sq ft. They are putting in nice looking tile that looks like hardwood in all units instead of carpet. They don't do credit checks on tenants. Daniel does maintenance himself except for heat and air, carpet & tile, and major stuff. They need a $30,000 asphalt job and coverting all units to tile floor will cost approx $1000 per unit or $40,000 to do remaining units. Daniel has only about 3 vacancies right now.
Daniel told me the Sugar Shacks were in forclosure and available for sale. They are 10 small houses (16 x 26 I think) next to Pine Grove. Bank wants $165,000 for all ten. They rent for $350 per month.
University Villages are nice. They are at Blackjack road and Hearst. I will call Jerry Harrington 684-4731at Regions for more info.
Hickory Hills Mobile Home Park is a pretty bad looking trailer park in Kosciusko.32 units I think. Brant Ratcliffe at Nancy Lane Commercial told me about these after I met him last week at magnolia trailer park in Vicksburg. Hickory Hills has 27 park owned trailers and according to Brant, 5 more are coming. Rent collected for a recent month was $13,600. Park is on city sewer and water. Asking price is $800,000.
There was a house in the back that seemed to be somewhat a part of the park. I don't know status of that. How many acres??? probably about 3 or 4.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment