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Updated over 2 years ago,

Lawrence Duhon's profile image
Lawrence Duhon's profile image
Lawrence Duhon
  • Member since Jul 1, 2019
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Lawrence Duhon's profile image
Lawrence Duhon's profile image
Lawrence Duhon
  • Member since Jul 1, 2019
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Lawrence Duhon
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Mobile Home Park Investing

Quick park evaluation

Lawrence Duhon
Posted

Hi, I randomly got In contact with someone willing to sell a park in Louisiana off of Facebook.

42 lots, 28 occupied l, 225 lot rent. 1 double wide lot rent 375, 4 rto units 875.

He’s asking 945k and saying it’s an 8% cap rate with 30% expenses. I haven’t seen the property yet but does this sound right?

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