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Updated over 4 years ago,
Mobile Homes: County Sewer vs Septic? Cost for new pad?
Hey BP,
A recent possible opportunity presented itself and I'm trying to do some analysis/due diligence.
I own a few multi-family doors in town, but have no experience with mobile homes or MH parks.
There is a property in town that recently went up for sale for what seems like a decent price. It's 6 acres and has three mobile homes currently on it, with room for a number of additional pads to be built/set up. The current income from the three units is about double what we would be paying in debt service/taxes/insurance if we got the property at what we think we could get it under contract for.
We've done some quick math (could be wrong), but it looks like we might be able to fit a total of 16 pads on the property.
In thinking through the planning of this, I had a few questions I was hoping some more seasoned MHP investors may be able to help me with...
- At that size, should we try to go with county sewer vs septic? What hurdles might I expect in trying to get county sewer connected?
- Any cost ideas for what it would take to set up a new concrete pad for a MH trailer? (I know this is a broad question, so ranges and assumptions are fine. Just looking for ideas to start with)
- Is there some big thing that I'm ignoring or not even thinking about?
Thanks in advance to any and all assistance!
Best,
David