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Updated about 7 years ago, 10/02/2017
Building a Mobile home park vs building single family homes
Hello all
I have 2 acres of land under contract in Odessa Texas where I currently live. I have some rental homes, I rehab homes and I build single family homes as well. I have listened to all the post casts and now I am very interested on having a mobile home park on my portfolio. I have no experience whatsoever on Mobile home parks. The land has access to city water, sewer and electricity. I already went to the city and it is zoned for whatever I want (single family homes, mobile homes, mobile home park or multifamily). I have never found land with this great zoning. I can built 11 single affordable family homes here as per the city and I could profit around 20k per home after they are sold.
I don't know how many mobile homes I can put here and how much it would cost me to build the park. I know each space is rented for $325 a month and they have to pay for all utilities.
Any advice as to how much it would cost me to build a mobile home here and if it is worth it?