Evaluating Off-market park

[Jamin Olds]

Hey Everyone - I have an opportunity to purchase this off market park (bought 1 park from this seller last year).  Currently it's only at 44% occupancy but seems to have great upside after filling additional lots.  There are 17 vacant trailers but I currently have a crew that will demo and remodel.  What are your thoughts?  Any advice?  Thoughts on what it's worth?  Thanks in advance!

Breakdown of the park:

47 lots (6 rentals 15 owner occupied)

21 filled

17 vacant trailers (I have a crew that remodels trailers)

9 vacant lots

Lot rents: $298

City water & septic - billed back to tenants. 

Tenants pay trash

2020 Financials 

Income: $106,692