RURAL MOBILE HOME PARK

[Miles Presha]

Have a lead on a MHP in North Dakota. Small town of 1100, 

60 miles from Bismarck. 

Half the park is RVs which are open 7months a year. There is a contract in place for 21 workers for a wind turbine project from 2019-2022. Each will pay $400 a month. 11 of 20 MH SPACES filled full time. 

NOI without workers is around 50K. There is opportunity to bring in more homes. Asking price is 400K.

WORTH PURSUING?