Seller Financed Mobile Home Park

[Steve Witt]

Hi,

I'm looking at a small mobile home park in Ohio.

Outside a small town ( nice rural area) commutible to Dayton Ohio.

Its a Mom & Pop ,no leans, very run down.

It has 6 park owned rentals bringing in $3600 a month (old trailers)

2 derelick homes that need to be torn down.

Expenses are very low $3000 a year including taxes.

The park has a sand filter treament plant good for 19 homes, and a well with a 1200 gal storage tank.

They want $180,00,   20% down seller financed.

My plan would be to put in 9 more homes that i would own and rent .

What do you think about the price and terms?