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Updated over 7 years ago on .

Carl Mullin's profile image
Carl Mullin's profile image
Carl Mullin
  • Investor
  • from The Villages, FL
  • Member since Apr 20, 2014
  • Posts 8
  • Votes 0
  • Experience 12 Yrs
  • Investments 1
Connect

User Stats

8
Posts
0
Votes
Carl Mullin's profile image
Carl Mullin's profile image
Carl Mullin
  • Investor
  • from The Villages, FL
  • Member since Apr 20, 2014
  • Posts 8
  • Votes 0
  • Experience 12 Yrs
  • Investments 1
Connect
Carl Mullin
  • Investor
  • The Villages, FL
0
Votes |
8
Posts
Florida Real Estate Q&A Discussion Forum

Anyone have experience with small mobile home parks?

Carl Mullin
  • Investor
  • The Villages, FL
Posted

I have a tired landlord lead selling a 12 space MHP. There are 8 park owned MHs ages from 1974-1995. 1 MH used for storage. I lot rented with a non-owned MH and two vacant lots. Annual rents are $48,000. Seller says expenses are $7,200/yr but he does all the maintenance. The park provides water and sewer with one well and one septic system. I've never done anything with MHs before. What kind of things should I be looking for and what kind of CAP rate should I expect to get?

Carl Mullin 352-Four46-8559

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