Valuation of Mobile Home Park

[Michael Baradell]

Hey guys! Curious where you would value this park.. 

Details:

42 Total pads (28 TOH's, 11 POH's, 3 long term RV) Plus a 1600 square foot house that is very nicely renovated

City water 

Septic sewer

Lot Rent is $325 (includes water, trash and sewer) 

11 Park owned home bring in $5225/month on top of the $325 for lot rent

All expenses including water, common electric, septic upkeep, trash, maint, lawn, insurances and taxes, and property management is around $73,900/year

Park is in great condition. Roads are private but were redone with asphalt 5 years ago. Septic just redone 6 months ago. 

Sitting on 5 acres.