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Updated about 2 years ago,

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4-Plex in a trailer park throwing me for a curve ball

Posted

Hey all can you help me analysis this 4 plex. Just drove past the property and now i'm confused as its located inside a trailer park.  I think its over priced but looking for ways to make it work.

Listed at $720k.

Long term tenants. 2-7 years 

Rentals are $900 $950 $1200 $1300. 

Average rentals in the area come back around $1400-$1700. 

Property last sold in 2021 for $425k

Property taxes $1300.00

Being in a trailer park im not sure what I will be able to get for it for the rentals. 

Seller is also listing agent. Anyone have any ideas on how to make this deal work?

Located in NC

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