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Updated almost 7 years ago,
Potential MHP Purchase in Blytheville, Arkansas
Fellow investors,
Looking to purchase my first MHP in Blytheville, Arkansas. Besides calling other property managements companies/landlords for the rent rates and occupancy rates in the area. You guys have any other recommendations on how to get this data? I mainly do wholesaling so this is a different ball game and process for me. Any tips or advice would be greatly appreciated!
info about the property
19% Cap Rate
35 out of 75 are occupied
150 to 175 rent per month
Purchase price is 250K for 75 spaces.
Thanks in advance for whatever guidance and info you all could share.