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Updated almost 5 years ago,

User Stats

1,014
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672
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Henri Meli
  • Investor
  • Morrisville, NC
672
Votes |
1,014
Posts

Purchasing Buildable Lots near a Mobile Park

Henri Meli
  • Investor
  • Morrisville, NC
Posted

I was provided with the opportunity to purchase a buildable lot at a very interesting price. The lot is located near a major road expansion in a very fast growing area. My plans were to either develop it myself, partner with a developer or sell it later if the other two options aren't viable. 

The biggest challenge I see is that the lot is located near a Mobile park. My thinking at this time is that, If I were to build townhomes or SF on the lots, the presence of the Mobile Park in close vicinity of the houses could be a deterrent to buyers.

I would like to get the opinion of others on this topic. 

Thanks.

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