Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Mobile Home Park Well and Septic
I've been evaluating a couple of mobile home parks for sale near me, both with well and septic, both a couple miles outside of the nearest municipality. Financials look very good (cap rates ranging from 12 -16%) and I'm OK with further evaluating those, but have concerns about aging infrastructure. I have first-hand experience with well and septic systems for a private residence and know that there are requirements in my state to have them pumped periodically, but am curious about the tests that a MH park might have to endure. Does the EPA or a similar state (Wisconsin) governmental entity test and report on private sewage systems like these?
Thanks in advance for any guidance!