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Updated over 4 years ago,

User Stats

114
Posts
64
Votes
Zac P.
  • Rental Property Investor
  • Lexington, KY
64
Votes |
114
Posts

Help me critique this mobile home park

Zac P.
  • Rental Property Investor
  • Lexington, KY
Posted

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!

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