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Updated over 5 years ago,
Property Evaluation - Mobile Home Park
Hi everyone, a bit new to real estate investing especially as it relates to investing in Mobile home parks. Looking for advice on how to evaluate MHP listings. For example:
Asking Price: 1,495,000
Cap Rate: 6.36%
Units: 20
Lot size: 1.75 acres
Any advice/inputs on what to look for when evaluating a mobile home Park would be greatly appreciated.
Thank you!