3 Pack Mobile Home Park

[Mike Hodges]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $75,000
Cash invested: $75,000
Sale price: $75,000

This deal included 3 mobile home on one lot. Each home has it's own septic and shared a well pump! This property generates $2,100 per month.

What made you interested in investing in this type of deal?

Cash flow

How did you find this deal and how did you negotiate it?

I saw this ad for sale by owner. Seller inherited property and wanted to sell it.