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Updated over 1 year ago, 06/04/2023

User Stats

26
Posts
9
Votes
Sean Relyea
Pro Member
  • Rental Property Investor
  • Capital Region, NY
9
Votes |
26
Posts

Assessing the Value of a Mobile Home

Sean Relyea
Pro Member
  • Rental Property Investor
  • Capital Region, NY
Posted

Trying to assess the value of a 1989, 980sqft, 2bd 1.5 ba mobile home. From the limited pictures, it seems to be in superior condition for its age and has newer appliances . It's in a desirable location in a good school district in an all-ages park, and has an in-unit washer and dryer. Lot rent is about $600, and the park does not allow for renting so the exit strategy would be flipping it. It has a current list price that feels reasonable based on no experience with mobile homes, but there may be room to negotiate down. Any recommendations for on how to come up with a resale value?

  • Sean Relyea
  • Loading replies...