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Updated over 4 years ago,
Help me critique this mobile home park
Hey gang, what's your thoughts on this? The world of mobile home park investing is new to me.
21 spots (+5 empty spots that are ready for trailers)
$150 lot rent for all. $450 for anyone on rent to own (There are 4-5 of those, the rest own their own outright)
Tenants pay all utilities
City electric/water/sewer
Landlord utilities and expenses are just trash ($150 per month) and then taxes/insurance. Due to trailers being owned by tenants and the others being rent to own, maintenance should be minimal to nothing. Trailers are in ok condition (average at best).
Seller is asking $325,000.
Thanks in advance!