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Updated almost 17 years ago on . Most recent reply

Keith Schulz's profile image
Keith Schulz's profile image
Keith Schulz
  • Investor
  • from Verona, WI
  • Member since Jan 11, 2008
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Keith Schulz's profile image
Keith Schulz's profile image
Keith Schulz
  • Investor
  • from Verona, WI
  • Member since Jan 11, 2008
Connect
Keith Schulz
  • Investor
  • Verona, WI
79
Votes |
134
Posts
Mobile Home Park Investing

Self Storage and Mobil Home Park Pricing

Keith Schulz
  • Investor
  • Verona, WI
Posted

Is there a rule of thumb for expenses on mobil home parks and self storage units?

I'm looking at a property with 26 mobil homes, 13 of them park owned, and 53 self storage units. The gross annual income is $130,000 (according to the seller). ...and I have no idea what the expenses are (and I wouldn't trust the sellers numbers if they gave it to me).

What are your thoughts on how much to figure for expenses, and what this property might be worth?

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