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Updated over 7 years ago,
Pricing a mobile home park for sale
I have a mobile home park with 21 lots on it, all city sewer and water. Current income is $1120/month with 3 lot renters planning on moving in at the end of the month, bringing total income up to $1540. There's one park-owned unit rented, another ready to rent, and 7 park-owned units in need of rehabbing. I've been approached about a sale, but would like some advice on pricing it. Thanks.