Analyzing a Mobile Home Park

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Good morning all, I was wanting to get some input on a potential deal. I've ran across a MHP that has 53 spaces, and 14 apartments attached to it. Lot rent is $265 a month. I came up with a value of 1.5 million. Am I even close?

The P&L is breaking even 9 months in to the yr. They are making renovations, and had a water leak fixed, that was eating a lot of their profit up.

Does this sound like a good investment?

Thanks!