North Plains, OR · Member since 2014 · 13 posts · 7 votes
Here's the situation: a manufactured home in a park across the street from the development where my home is located burned several months ago. It has been sitting vacant, with the windows boarded up, ever since. The home sits on a corner lot, which is probably the nicest in the park. I contacted the previous owner of the park and was told that the residents got together to purchase the park and subdivide several years ago, so each home is on real property now. The HOA has been unable to contact the owners and can't figure out who the lien holder is. I am currently waiting on a call back from the president of the HOA and investigating the lien holder. I believe it would be simple to track down with an address and/or tax lot number.
Anyway, my thought is that, if I can pick up the property for cheap from the owner or bank, I could potentially remove and replace the current home and sell for a tidy profit. I have no idea what it would cost to remove the current home, who would take it or if it would be cheaper to renovate and rebuild it. Does anyone have any ideas on this?
Depends upon park rent VS prevailing rents. In general, since park rents have skyrocketed, the answer is generally "No". I ballpark moving/setting up around $10,000, plus cost of newer unit. Depending upon mileage.
There is no park rent. As I said in the original question, the park has been purchased and subdivided by the residents, so each of them now own a mobile home on real property. There is a $35 HOA fee, but that's all they pay outside of their mortgages. My biggest concerns are the cost of disposal of the old unit and the cost of moving another unit to the property. I'm thinking I could get a couple of dumpsters and a handful of buddies with saws to go chop up the old house and have it hauled off. Maybe even make a little return from the metal frame. I don't know if there would be hazmat concerns in dismantling it or if I would need a permit. I guess the county would be able to tell me that.