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Updated about 2 years ago,
4-Plex in a trailer park throwing me for a curve ball
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