Mostly Vacant Mobile Home Park - Buy or pass?

[Sari Fulbright]

I have the opportunity to buy a mobile home park where I live. It has a lot of potential, but I just don't know if it is a worthwhile investment as is. It has 10 mobile home spaces and 6 rv spaces. It only currently has 3 tenants - but not for lack of people wanting spaces, because of an absentee owner. Average lot rent for the area is $250-$300 / month. The owner is asking $250,000 for the park. The owner says the infrastructure is in good shape but I have not dove into my due diligence yet. Any thoughts or advice? Thanks!